Futurewave Acquisition Corp (NASDAQ:FWACU – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 9,921 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 480,524 shares, the days-to-cover ratio is presently 0.0 days.
Futurewave Acquisition Price Performance
NASDAQ:FWACU remained flat at $10.05 during mid-day trading on Thursday. 2,614 shares of the company were exchanged, compared to its average volume of 51,601. Futurewave Acquisition has a 52 week low of $10.00 and a 52 week high of $10.15.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Futurewave Acquisition to a “hold” rating in a report on Saturday, July 4th.
Futurewave Acquisition Company Profile
Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Companies like Futurewave Acquisition are typically created to help identify and combine with an operating business, rather than to run a traditional commercial operation themselves.
As a blank check company, Futurewave Acquisition does not provide a broad portfolio of products or services in the conventional sense.
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