Short Interest in Future Money Acquisition Corp (NASDAQ:FMACU) Declines By 58.9%

Future Money Acquisition Corp (NASDAQ:FMACU) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 469 shares, a decrease of 58.9% from the April 15th total of 1,142 shares. Based on an average daily volume of 25,486 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Future Money Acquisition Stock Performance

FMACU traded up $0.01 on Friday, hitting $10.06. 41,750 shares of the company were exchanged, compared to its average volume of 56,525. Future Money Acquisition has a 12 month low of $9.98 and a 12 month high of $10.10.

Future Money Acquisition Company Profile

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.