Emmis Acquisition Corp. (NASDAQ:EMISR) Short Interest Down 71.7% in June

Emmis Acquisition Corp. (NASDAQ:EMISR) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 136 shares, a decrease of 71.7% from the May 31st total of 480 shares. Based on an average trading volume of 189 shares, the short-interest ratio is presently 0.7 days.

Emmis Acquisition Price Performance

NASDAQ EMISR remained flat at $0.15 during trading hours on Monday. Emmis Acquisition has a 12-month low of $0.10 and a 12-month high of $0.18. The company’s 50 day moving average price is $0.14.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.