Fortune Rise Acquisition Co. (NASDAQ:FRLAW) Short Interest Up 89.2% in September

Fortune Rise Acquisition Co. (NASDAQ:FRLAW) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 15,700 shares, a growth of 89.2% from the September 15th total of 8,300 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 5.8 days.

Fortune Rise Acquisition Stock Performance

Shares of FRLAW opened at $0.02 on Monday. Fortune Rise Acquisition has a twelve month low of $0.01 and a twelve month high of $0.06. The firm’s fifty day simple moving average is $0.02 and its 200-day simple moving average is $0.03.

Fortune Rise Acquisition Company Profile

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.