FortuneX Acquisition Corporation (NASDAQ:FXAC) Shares Shorted: Short Interest Down 70.2% in September

FortuneX Acquisition Corporation (NASDAQ:FXAC) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 432 shares, a drop of 70.2% from the August 31st total of 1,450 shares. Based on an average daily volume of 117,825 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

FortuneX Acquisition Trading Up 0.3%

Shares of FXAC traded up $0.03 during midday trading on Friday, reaching $10.09. The stock had a trading volume of 1,210 shares, compared to its average volume of 67,055. FortuneX Acquisition has a 12-month low of $9.97 and a 12-month high of $10.43. The business has a 50-day moving average price of $10.06.

FortuneX Acquisition Company Profile

FortuneX Acquisition (NASDAQ: FXAC) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business or selling products and services, the company was formed to identify and complete a business combination with one or more private companies.

Its primary activities include evaluating potential acquisition targets, negotiating transaction terms and completing a merger, acquisition or similar combination. If a transaction is completed, the combined company would generally become the operating business associated with FortuneX Acquisition’s public listing.

Publicly available information about FortuneX Acquisition’s specific target industries, geographic focus and leadership is limited.