Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Jumps 1,724.2%

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 41,755 shares, an increase of 1,724.2% from the October 15th total of 2,289 shares. Based on an average daily volume of 146,004 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are sold short.

Amanat Acquisition Stock Performance

Shares of AMAN stock traded up $0.01 on Thursday, hitting $10.13. 3,434 shares of the stock were exchanged, compared to its average volume of 73,674. The firm has a 50 day moving average price of $10.42. Amanat Acquisition has a one year low of $9.98 and a one year high of $10.79.

Amanat Acquisition (NASDAQ:AMAN) last released its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Amanat Acquisition in a research note on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. (NASDAQ: AMAN) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its mandate may be carried out through a merger, share exchange, asset acquisition, reorganization or similar transaction. Unlike an operating company, Amanat Acquisition Corp. does not provide products or services to customers through an established business. Its activities primarily involve raising capital through a public offering, evaluating potential acquisition targets and pursuing a transaction intended to create a publicly traded operating company.