FutureTech II Acquisition Corp. (NASDAQ:FTIIW – Get Rating) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 30,400 shares, an increase of 261.9% from the July 15th total of 8,400 shares. Based on an average daily trading volume, of 18,000 shares, the days-to-cover ratio is currently 1.7 days.
Institutional Trading of FutureTech II Acquisition
A hedge fund recently bought a new stake in FutureTech II Acquisition stock. JPMorgan Chase & Co. purchased a new stake in FutureTech II Acquisition Corp. (NASDAQ:FTIIW – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 286,013 shares of the company's stock, valued at approximately $26,000.
Get FutureTech II Acquisition alerts:FutureTech II Acquisition Price Performance
Shares of NASDAQ FTIIW remained flat at $0.07 during mid-day trading on Friday. FutureTech II Acquisition has a 1-year low of $0.06 and a 1-year high of $0.15. The firm's 50 day moving average is $0.08.
About FutureTech II Acquisition
(Get Rating)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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