East West Ave Acquisition Corp. (NASDAQ:EWAVU) Sees Significant Increase in Short Interest

East West Ave Acquisition Corp. (NASDAQ:EWAVU) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 14,406 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 157,401 shares, the days-to-cover ratio is presently 0.1 days.

East West Ave Acquisition Stock Performance

Shares of East West Ave Acquisition stock remained flat at $10.00 during trading on Friday. 19 shares of the stock traded hands, compared to its average volume of 129,463. East West Ave Acquisition has a one year low of $9.91 and a one year high of $10.27.

Analysts Set New Price Targets

Separately, Wall Street Zen raised East West Ave Acquisition to a “hold” rating in a research report on Saturday, August 15th.

Insider Buying and Selling at East West Ave Acquisition

In other news, insider Space Summit Capital Llc purchased 1,087,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $10.00 per share, with a total value of $10,870,000.00. Following the acquisition, the insider directly owned 1,087,000 shares of the company’s stock, valued at approximately $10,870,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

East West Ave Acquisition Company Profile

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.