Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Up 142.3% in August

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 63 shares, a growth of 142.3% from the July 30th total of 26 shares. Based on an average daily volume of 118 shares, the days-to-cover ratio is currently 0.5 days.

Evolution Global Acquisition Price Performance

Shares of EVOXU stock remained flat at $10.26 during trading hours on Friday. The business’s 50-day moving average price is $10.23 and its 200 day moving average price is $10.20. Evolution Global Acquisition has a 52 week low of $9.91 and a 52 week high of $10.30.

Evolution Global Acquisition Company Profile

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.