Amanat Acquisition Corp. (NASDAQ:AMAN) Stock Short Interest Report for October

Key Points

• Short interest fell 63.4% in October to 2,289 shares as of October 15, down from 6,252 shares on September 30. Short interest represented approximately 0.0% of outstanding shares, with a 0.3-day short-interest ratio.
• AMAN shares traded at $10.15, near the lower end of their 52-week range of $9.98 to $10.79. The company reported a quarterly loss of $0.03 per share.
• Analyst sentiment remains negative: Weiss Ratings initiated coverage with a “sell (e)” rating, and the stock has an overall “Sell” rating based on one analyst’s recommendation.

Amanat Acquisition Corp. (NASDAQ:AMAN - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,289 shares, a decline of 63.4% from the September 30th total of 6,252 shares. Based on an average daily trading volume, of 6,583 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Amanat Acquisition Price Performance

AMAN stock traded down $0.03 during midday trading on Thursday, reaching $10.15. 42,653 shares of the company's stock traded hands, compared to its average volume of 58,591. The firm has a 50-day moving average price of $10.53. Amanat Acquisition has a 52 week low of $9.98 and a 52 week high of $10.79.

Amanat Acquisition (NASDAQ:AMAN - Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported ($0.03) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Amanat Acquisition in a report on Tuesday, August 11th. They set a "sell (e)" rating for the company. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

About Amanat Acquisition

Amanat Acquisition Corp. NASDAQ: AMAN is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its mandate may be carried out through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Amanat Acquisition Corp. does not provide products or services to customers through an established business. Its activities primarily involve raising capital through a public offering, evaluating potential acquisition targets and pursuing a transaction intended to create a publicly traded operating company.

The company's specific target industry, geographic focus, operating assets and executive leadership should be confirmed through its latest regulatory filings and transaction disclosures.

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