Futurewave Acquisition Corp (NASDAQ:FWACU – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 160 shares, a drop of 79.6% from the August 15th total of 784 shares. Based on an average daily trading volume, of 90 shares, the days-to-cover ratio is presently 1.8 days.
Futurewave Acquisition Price Performance
FWACU stock remained flat at $10.24 during midday trading on Friday. Futurewave Acquisition has a twelve month low of $10.00 and a twelve month high of $10.24. The stock has a 50 day moving average price of $10.11.
Hedge Funds Weigh In On Futurewave Acquisition
An institutional investor recently raised its stake in Futurewave Acquisition stock. Readystate Asset Management LP boosted its holdings in shares of Futurewave Acquisition Corp (NASDAQ:FWACU – Free Report) by 127.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,357 shares of the company’s stock after acquiring an additional 37,694 shares during the period. Readystate Asset Management LP’s holdings in Futurewave Acquisition were worth $694,000 at the end of the most recent reporting period.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Futurewave Acquisition
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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