Future Vision II Acquisition Corp. (NASDAQ:FVNNU) Sees Large Growth in Short Interest

Future Vision II Acquisition Corp. (NASDAQ:FVNNU) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 392 shares, an increase of 811.6% from the August 31st total of 43 shares. Based on an average daily volume of 2,740 shares, the days-to-cover ratio is currently 0.1 days.

Future Vision II Acquisition Stock Performance

FVNNU traded down $0.70 during trading on Friday, hitting $10.10. The stock had a trading volume of 941 shares, compared to its average volume of 2,001. The company’s 50-day moving average price is $12.34 and its 200 day moving average price is $11.39. Future Vision II Acquisition has a twelve month low of $8.80 and a twelve month high of $20.87.

Future Vision II Acquisition Company Profile

Future Vision II Acquisition Corp is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and pursue mergers, capital stock exchanges, asset acquisitions or other business combinations. The company’s units trade on the Nasdaq under the ticker FVNNU, with each unit consisting of one share of common stock and a fraction of a warrant. Upon completion of its IPO, proceeds from the offering were placed in a trust account, pending approval by shareholders for a proposed business combination.

As a blank check entity, Future Vision II does not conduct any commercial operations of its own.