Future Money Acquisition Corp (NASDAQ:FMACU) Short Interest Update

Future Money Acquisition Corp (NASDAQ:FMACU) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 967 shares, a growth of 106.2% from the April 30th total of 469 shares. Based on an average daily volume of 79,392 shares, the days-to-cover ratio is currently 0.0 days.

Future Money Acquisition Trading Up 0.8%

Shares of NASDAQ:FMACU opened at $10.20 on Wednesday. The company has a fifty day moving average of $10.05. Future Money Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.32.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Future Money Acquisition to a “hold” rating in a research report on Saturday, April 4th.

About Future Money Acquisition

Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank‑check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.

Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.