Amanat Acquisition Corp. (NASDAQ:AMAN) Shares Shorted: Short Interest Down 50.6% in September

Amanat Acquisition Corp. (NASDAQ:AMAN) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 10,310 shares, a drop of 50.6% from the August 31st total of 20,875 shares. Based on an average daily trading volume, of 2,814 shares, the short-interest ratio is currently 3.7 days. Approximately 0.1% of the company’s stock are sold short.

Amanat Acquisition Trading Down 0.8%

NASDAQ:AMAN traded down $0.09 during trading hours on Tuesday, reaching $10.54. The company had a trading volume of 444 shares, compared to its average volume of 63,737. Amanat Acquisition has a 52 week low of $9.98 and a 52 week high of $10.79. The company’s 50 day simple moving average is $10.52.

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.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Amanat Acquisition in a research note on Tuesday, August 11th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Amanat Acquisition Company Profile

Amanat Acquisition Corp. was a special purpose acquisition company (SPAC) established to identify, acquire, or combine with an operating business. The company was sponsored by Amanat Holdings, a United Arab Emirates-based investment company focused on healthcare and education.

Amanat Acquisition’s stated investment focus was on businesses in the healthcare, education, and related sectors, particularly those serving markets in the Middle East and North Africa. As a SPAC, it did not operate a conventional portfolio of products or services before completing a business combination.

The company was formed under the sponsorship and oversight of Amanat Holdings and pursued opportunities consistent with its sponsor’s regional sector expertise.