Short Interest in Eureka Acquisition Corp. (NASDAQ:EURK) Increases By 147.7%

Eureka Acquisition Corp. (NASDAQ:EURK) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 956 shares, a growth of 147.7% from the April 30th total of 386 shares. Based on an average daily trading volume, of 1,746 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Eureka Acquisition Stock Down 0.2%

NASDAQ EURK opened at $11.48 on Friday. The firm’s fifty day moving average price is $11.36 and its two-hundred day moving average price is $11.15. Eureka Acquisition has a 1 year low of $10.30 and a 1 year high of $12.66.

Eureka Acquisition (NASDAQ:EURK) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.13 EPS for the quarter.

Hedge Funds Weigh In On Eureka Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkley W R Corp increased its position in Eureka Acquisition by 3.2% during the first quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after buying an additional 9,860 shares during the last quarter. Clear Street Group Inc. lifted its position in shares of Eureka Acquisition by 35.4% in the fourth quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after buying an additional 24,135 shares during the last quarter. Polar Asset Management Partners Inc. boosted its stake in shares of Eureka Acquisition by 193.0% during the 1st quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock worth $1,894,000 after acquiring an additional 110,000 shares during the period. Meteora Capital LLC acquired a new position in shares of Eureka Acquisition during the 3rd quarter worth approximately $1,386,000. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Eureka Acquisition during the 3rd quarter worth approximately $1,431,000.

Eureka Acquisition Company Profile

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.