AMR Resources Acquisition Corp. (NASDAQ:AMACU) Stock Short Interest Report for September

AMR Resources Acquisition Corp. (NASDAQ:AMACU) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 130 shares, a decrease of 69.8% from the September 15th total of 430 shares. Based on an average daily trading volume, of 628 shares, the short-interest ratio is presently 0.2 days.

AMR Resources Acquisition Stock Performance

Shares of AMACU stock opened at $9.97 on Wednesday. The business has a fifty day moving average of $9.95. AMR Resources Acquisition has a 52 week low of $9.90 and a 52 week high of $10.05.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded AMR Resources Acquisition to a “hold” rating in a research report on Saturday, July 25th.

AMR Resources Acquisition Company Profile

AMR Resources Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. The company does not have material ongoing commercial operations, products or services of its own.

Its stated strategy is to seek a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction with a business in the resources sector. The company may evaluate opportunities involving natural resources and related industries, although it has not publicly identified a specific target or operating geography.

AMR Resources Acquisition Corp.