Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Update

by · The Cerbat Gem

Evolution Global Acquisition Corp (NASDAQ:EVOXU – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,254 shares, an increase of 155.9% from the April 30th total of 490 shares. Based on an average trading volume of 2,071 shares, the days-to-cover ratio is currently 0.6 days.

Evolution Global Acquisition Stock Performance

EVOXU stock traded down $0.01 during trading on Friday, reaching $10.19. The stock had a trading volume of 904 shares, compared to its average volume of 6,261. Evolution Global Acquisition has a 52 week low of $10.05 and a 52 week high of $10.30. The firm’s 50 day moving average is $10.18.

Evolution Global Acquisition Company Profile

(Get Free Report)

Evolution Global Acquisition (NASDAQ: EVOXU) is a special purpose acquisition company (SPAC) listed on the Nasdaq as units. As a blank‑check vehicle, its primary business purpose is to raise capital in the public markets and use those funds to effect a merger, share exchange, asset acquisition, reorganization or other business combination that will result in an operating company being publicly listed.

Unlike operating companies, Evolution Global Acquisition does not produce goods or services on its own; instead it focuses on identifying, negotiating and completing a business combination with a privately held target.

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