FutureTech II Acquisition Corp. (NASDAQ:FTIIW – Get Rating) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 22,000 shares, a drop of 26.9% from the August 15th total of 30,100 shares. Based on an average trading volume of 20,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of FutureTech II Acquisition

Large investors have recently added to or reduced their stakes in the business. CVI Holdings LLC acquired a new position in shares of FutureTech II Acquisition during the 2nd quarter valued at $25,000. JPMorgan Chase & Co. acquired a new position in shares of FutureTech II Acquisition during the 2nd quarter valued at $26,000. MMCAP International Inc. SPC acquired a new position in shares of FutureTech II Acquisition during the 2nd quarter valued at $32,000. Finally, Verition Fund Management LLC acquired a new position in shares of FutureTech II Acquisition during the 2nd quarter valued at $2,505,000.

FutureTech II Acquisition Stock Performance

FTIIW remained flat at $0.05 during trading hours on Friday. FutureTech II Acquisition has a 52 week low of $0.05 and a 52 week high of $0.15. The stock's 50 day moving average price is $0.07.

About FutureTech II Acquisition

FutureTech II Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the technology industry.

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