Amanat Acquisition Corp. (NASDAQ:AMAN) Short Interest Update

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 13,631 shares, a decline of 64.0% from the July 30th total of 37,904 shares. Based on an average trading volume of 27,379 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Amanat Acquisition Trading Down 0.0%

Shares of NASDAQ:AMAN traded down $0.01 during trading on Friday, hitting $10.70. 8,049 shares of the stock were exchanged, compared to its average volume of 41,106. Amanat Acquisition has a 1-year low of $9.98 and a 1-year high of $10.79. The company has a fifty day moving average price of $10.28.

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

Analyst Ratings Changes

A number of analysts have weighed in on AMAN shares. Weiss Ratings initiated coverage on shares of Amanat Acquisition in a report on Tuesday, August 11th. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded shares of Amanat Acquisition to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.