Amanat Acquisition Corp. (NASDAQ:AMAN) Short Interest Up ∞ in May

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 17,274 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 201,436 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Amanat Acquisition to a “hold” rating in a research note on Saturday, May 23rd.

Amanat Acquisition Price Performance

AMAN stock traded up $0.02 during trading on Friday, hitting $10.10. 21,421 shares of the stock traded hands, compared to its average volume of 195,866. Amanat Acquisition has a one year low of $10.00 and a one year high of $10.40.

About Amanat Acquisition

Amanat Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Like other SPACs, its purpose is to identify and complete a transaction with an operating company rather than to run a traditional commercial business of its own.

The company was organized to pursue acquisition opportunities, but detailed public information about an operating business, product lineup, or end-market services is limited because its primary function is to serve as a vehicle for a future business combination.