Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Report for October

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 41,755 shares, a growth of 1,724.2% from the October 15th total of 2,289 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 146,004 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Amanat Acquisition in a research note on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Amanat Acquisition Stock Performance

Shares of NASDAQ AMAN traded down $0.01 during midday trading on Tuesday, reaching $10.12. 112,365 shares of the stock traded hands, compared to its average volume of 145,750. The stock has a 50 day moving average of $10.43. Amanat Acquisition has a one year low of $9.98 and a one year high of $10.79.

Amanat Acquisition (NASDAQ:AMAN) last announced its quarterly earnings results on Thursday, June 25th. The company reported ($0.03) earnings per share for the quarter.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. (NASDAQ: AMAN) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its mandate may be carried out through a merger, share exchange, asset acquisition, reorganization or similar transaction. Unlike an operating company, Amanat Acquisition Corp. does not provide products or services to customers through an established business. Its activities primarily involve raising capital through a public offering, evaluating potential acquisition targets and pursuing a transaction intended to create a publicly traded operating company.