FutureCorp Space Acquisition 1 (NYSE:FTRA) Stock Short Interest Rises 357.2%

FutureCorp Space Acquisition 1 (NYSE:FTRA) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,085 shares, a growth of 357.2% from the September 30th total of 456 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 30,297 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FTRA shares. Wall Street Zen upgraded FutureCorp Space Acquisition 1 to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings started coverage on FutureCorp Space Acquisition 1 in a research note on Monday, October 19th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

FutureCorp Space Acquisition 1 Stock Up 0.1%

NYSE:FTRA traded up $0.01 during trading hours on Thursday, reaching $9.88. 162 shares of the stock were exchanged, compared to its average volume of 68,501. The company’s 50 day moving average is $9.88. FutureCorp Space Acquisition 1 has a 52 week low of $9.85 and a 52 week high of $9.98.

FutureCorp Space Acquisition 1 Company Profile

FutureCorp Space Acquisition 1 is a blank check company. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. FutureCorp Space Acquisition 1 is based in Los Angeles, California.