Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Report for October

Amanat Acquisition Corp. (NASDAQ:AMAN) was the target of a large 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. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 146,004 shares, the days-to-cover ratio is currently 0.3 days.

Amanat Acquisition Price Performance

AMAN stock opened at $10.12 on Wednesday. Amanat Acquisition has a 1 year low of $9.98 and a 1 year high of $10.79. The firm has a fifty day simple moving average of $10.43.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Amanat Acquisition in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus 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.