FutureCorp Space Acquisition 1 (NYSE:FTRA) Stock Short Interest Rises 357.2%

FutureCorp Space Acquisition 1 (NYSE:FTRA) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,085 shares, a growth of 357.2% from the September 30th total of 456 shares. Based on an average trading volume of 30,297 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FTRA. Wall Street Zen raised FutureCorp Space Acquisition 1 to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings started coverage on shares of FutureCorp Space Acquisition 1 in a research note on Monday, October 19th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, FutureCorp Space Acquisition 1 presently has an average rating of “Sell”.

FutureCorp Space Acquisition 1 Stock Down 0.1%

Shares of NYSE:FTRA opened at $9.87 on Wednesday. FutureCorp Space Acquisition 1 has a fifty-two week low of $9.85 and a fifty-two week high of $9.98. The stock has a 50-day simple moving average of $9.88.

About FutureCorp Space Acquisition 1

FutureCorp Space Acquisition 1 is a blank check company. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. FutureCorp Space Acquisition 1 is based in Los Angeles, California.