East West Ave Acquisition Corp. (NASDAQ:EWAVU) Stock Short Interest Declines 67.4%

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 334 shares, a decline of 67.4% from the August 31st total of 1,025 shares. Based on an average trading volume of 10,224 shares, the short-interest ratio is presently 0.0 days.

East West Ave Acquisition Price Performance

Shares of EWAVU stock traded down $0.01 on Friday, hitting $10.05. The company had a trading volume of 1,571 shares, compared to its average volume of 78,646. East West Ave Acquisition has a twelve month low of $9.91 and a twelve month high of $10.40.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of East West Ave Acquisition to a “hold” rating in a report on Saturday, August 15th.

Insider Transactions at East West Ave Acquisition

In other news, insider Space Summit Capital Llc bought 1,087,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $10,870,000.00. Following the completion of the transaction, the insider owned 1,087,000 shares of the company’s stock, valued at $10,870,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

About East West Ave Acquisition

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.