Future Money Acquisition Corp (NASDAQ:FMACU) Short Interest Update

Future Money Acquisition Corp (NASDAQ:FMACU) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,690 shares, a drop of 56.3% from the May 31st total of 3,867 shares. Based on an average daily trading volume, of 1,106 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

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

Future Money Acquisition Trading Down 0.2%

FMACU opened at $10.11 on Monday. The business has a 50-day moving average of $10.11. Future Money Acquisition has a 12 month low of $9.98 and a 12 month high of $10.33.

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.