Short Interest in Amanat Acquisition Corp. (NASDAQ:AMAN) Rises By ∞

Amanat Acquisition Corp. (NASDAQ:AMAN) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 17,274 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 201,436 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Amanat Acquisition to a “hold” rating in a research note on Saturday, May 23rd.

Amanat Acquisition Stock Down 0.1%

AMAN traded down $0.01 during midday trading on Monday, hitting $10.09. The company had a trading volume of 28,432 shares, compared to its average volume of 186,465. Amanat Acquisition has a 52 week low of $10.00 and a 52 week high of $10.40.

About Amanat Acquisition

Amanat Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Like other SPACs, its purpose is to identify and complete a transaction with an operating company rather than to run a traditional commercial business of its own.

The company was organized to pursue acquisition opportunities, but detailed public information about an operating business, product lineup, or end-market services is limited because its primary function is to serve as a vehicle for a future business combination.