Evolution Global Acquisition Corp (NASDAQ:EVOXU – Get Free Report) was the recipient of a significant increase in short interest in 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 daily volume of 2,071 shares, the days-to-cover ratio is currently 0.6 days.
Evolution Global Acquisition Price Performance
Shares of NASDAQ:EVOXU traded down $0.01 during midday trading on Friday, reaching $10.19. 904 shares of the company’s stock traded hands, compared to its average volume of 6,261. Evolution Global Acquisition has a one year low of $10.05 and a one year high of $10.30. The stock’s 50 day moving average price is $10.18.
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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