Short Interest in Evolution Global Acquisition Corp (NASDAQ:EVOXU) Drops By 92.1%

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 26 shares, a drop of 92.1% from the July 15th total of 328 shares. Based on an average daily volume of 801 shares, the short-interest ratio is presently 0.0 days.

Evolution Global Acquisition Stock Performance

NASDAQ EVOXU remained flat at $10.20 on Wednesday. Evolution Global Acquisition has a fifty-two week low of $9.91 and a fifty-two week high of $10.30. The company has a 50 day moving average of $10.21.

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.