Futurewave Acquisition Corporation (NASDAQ:FWAC) Sees Significant Growth in Short Interest

Futurewave Acquisition Corporation (NASDAQ:FWAC) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,335 shares, an increase of 99.6% from the September 15th total of 669 shares. Based on an average daily trading volume, of 64,702 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Futurewave Acquisition Stock Performance

NASDAQ FWAC remained flat at $9.96 during trading on Thursday. The company’s stock had a trading volume of 129,616 shares, compared to its average volume of 100,546. Futurewave Acquisition has a fifty-two week low of $9.85 and a fifty-two week high of $9.96. The business has a fifty day moving average price of $9.93.

About Futurewave Acquisition

Futurewave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services directly, the company’s primary activity is raising capital through an initial public offering and using those funds, subject to shareholder approval, to pursue a merger, acquisition, or similar transaction.

As a blank-check company, Futurewave Acquisition does not have an established portfolio of operating products, a broad customer base, or a defined geographic service area in the same manner as a traditional public company.