Evolution Global Acquisition Corp (NASDAQ:EVOXU – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 177 shares, a drop of 91.1% from the May 31st total of 1,983 shares. Based on an average daily volume of 2,161 shares, the days-to-cover ratio is currently 0.1 days.
Evolution Global Acquisition Price Performance
Shares of NASDAQ:EVOXU traded up $0.02 during trading on Friday, hitting $10.20. 152 shares of the company’s stock were exchanged, compared to its average volume of 5,388. The company’s 50-day moving average is $10.18. Evolution Global Acquisition has a 1-year low of $10.05 and a 1-year high of $10.30.
About Evolution Global Acquisition
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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