Fortune Rise Acquisition Co. (NASDAQ:FRLAW) Short Interest Down 6.4% in October

Posted by Stephan Jacobs on Oct 31st, 2024

Fortune Rise Acquisition Co. (NASDAQ:FRLAW – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 14,700 shares, a decline of 6.4% from the September 30th total of 15,700 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 9.8 days.

Fortune Rise Acquisition Price Performance

Fortune Rise Acquisition stock remained flat at $0.02 during trading hours on Thursday. Fortune Rise Acquisition has a 12-month low of $0.01 and a 12-month high of $0.06. The stock has a fifty day moving average of $0.02 and a 200 day moving average of $0.03.

Fortune Rise Acquisition Company Profile

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Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.