Evolution Global Acquisition Corp (NASDAQ:EVOX) Sees Large Increase in Short Interest

Evolution Global Acquisition Corp (NASDAQ:EVOX) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 6,332 shares, a growth of 604.3% from the October 15th total of 899 shares. Based on an average daily volume of 145,298 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Evolution Global Acquisition Trading Up 0.1%

Evolution Global Acquisition stock opened at $10.15 on Friday. Evolution Global Acquisition has a one year low of $9.86 and a one year high of $10.16. The stock has a fifty day moving average of $10.13 and a 200 day moving average of $10.05.

Evolution Global Acquisition (NASDAQ:EVOX) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Trading of Evolution Global Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of EVOX. Rivernorth Capital Management LLC bought a new position in shares of Evolution Global Acquisition during the 1st quarter valued at about $994,000. DLD Asset Management LP bought a new stake in shares of Evolution Global Acquisition in the first quarter worth about $996,000. Bulldog Investors LLP bought a new stake in shares of Evolution Global Acquisition in the first quarter worth about $1,026,000. StoneX Group Inc. purchased a new stake in shares of Evolution Global Acquisition in the third quarter worth about $1,546,000. Finally, Periscope Capital Inc. purchased a new stake in shares of Evolution Global Acquisition in the third quarter worth about $2,532,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Evolution Global Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Evolution Global Acquisition Company Profile

Evolution Global Acquisition Corp. (NASDAQ: EVOX) was a special purpose acquisition company, or SPAC, formed to pursue a business combination with an operating company. Its potential transactions could include a merger, share exchange, asset acquisition or similar combination. As a SPAC, Evolution Global did not have an established operating business or its own line of products and services. Its intended role was to identify a target company and, if a transaction was completed, provide a public-market listing through the combination.