FutureTech II Acquisition Corp. (NASDAQ:FTIIW – Get Rating) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 31,300 shares, an increase of 42.3% from the August 31st total of 22,000 shares. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On FutureTech II Acquisition

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

FutureTech II Acquisition Price Performance

NASDAQ:FTIIW opened at $0.05 on Friday. FutureTech II Acquisition has a one year low of $0.05 and a one year high of $0.15. The firm's fifty day moving average is $0.07.

FutureTech II Acquisition Company Profile

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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