ESH Acquisition Corp. (NASDAQ:ESHAR) Sees Large Decrease in Short Interest

ESH Acquisition Corp. (NASDAQ:ESHAR) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,431 shares, a decrease of 14.6% from the January 15th total of 16,902 shares. Based on an average trading volume of 1,914 shares, the days-to-cover ratio is presently 7.5 days. Based on an average trading volume of 1,914 shares, the days-to-cover ratio is presently 7.5 days.

ESH Acquisition Price Performance

Shares of ESHAR traded down $0.02 during midday trading on Tuesday, hitting $0.16. The company had a trading volume of 10,700 shares, compared to its average volume of 2,959. The company’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.18. ESH Acquisition has a 52 week low of $0.07 and a 52 week high of $0.27.

ESH Acquisition Company Profile

ESH Acquisition Corp is a Delaware-incorporated special purpose acquisition company (SPAC) that trades on the NASDAQ under the ticker ESHAR. The company was formed in August 2020 and completed its initial public offering in June 2021. As a blank-check vehicle, ESH Acquisition’s sole purpose is to identify, acquire or merge with one or more businesses, providing a public platform and access to capital for its target.

ESH Acquisition seeks opportunities within technology-enabled industries, with particular emphasis on financial technology (fintech), digital platforms, software and related services.