Short Interest in Emmis Acquisition Corp. (NASDAQ:EMIS) Decreases By 44.0%

Emmis Acquisition Corp. (NASDAQ:EMIS) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,887 shares, a decline of 44.0% from the July 15th total of 8,734 shares. Based on an average daily trading volume, of 3,204 shares, the days-to-cover ratio is presently 1.5 days.

Emmis Acquisition Price Performance

Shares of EMIS stock traded up $0.04 on Monday, reaching $10.26. 106 shares of the company were exchanged, compared to its average volume of 14,454. The company has a 50-day moving average of $10.18 and a 200-day moving average of $10.11. Emmis Acquisition has a one year low of $9.90 and a one year high of $10.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Emmis Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Emmis Acquisition

Several hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Emmis Acquisition during the fourth quarter worth $178,000. Polar Asset Management Partners Inc. acquired a new position in shares of Emmis Acquisition during the fourth quarter valued at about $249,000. ABC Arbitrage SA bought a new stake in shares of Emmis Acquisition during the fourth quarter worth about $398,000. Boothbay Fund Management LLC bought a new stake in shares of Emmis Acquisition during the fourth quarter worth about $418,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Emmis Acquisition in the 4th quarter worth about $597,000.

About Emmis Acquisition

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.