FortuneX Acquisition Corporation (NASDAQ:FXAC) Short Interest Update

FortuneX Acquisition Corporation (NASDAQ:FXAC) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 432 shares, a drop of 70.2% from the August 31st total of 1,450 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 117,825 shares, the days-to-cover ratio is currently 0.0 days.

FortuneX Acquisition Price Performance

NASDAQ:FXAC traded down $0.00 during mid-day trading on Monday, hitting $10.08. 1,210 shares of the company’s stock were exchanged, compared to its average volume of 67,114. FortuneX Acquisition has a one year low of $9.97 and a one year high of $10.43. The company has a fifty day moving average price of $10.06.

About FortuneX Acquisition

FortuneX Acquisition (NASDAQ: FXAC) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business or selling products and services, the company was formed to identify and complete a business combination with one or more private companies.

Its primary activities include evaluating potential acquisition targets, negotiating transaction terms and completing a merger, acquisition or similar combination. If a transaction is completed, the combined company would generally become the operating business associated with FortuneX Acquisition’s public listing.

Publicly available information about FortuneX Acquisition’s specific target industries, geographic focus and leadership is limited.