Eureka Acquisition Corp (NASDAQ:EURKU) Sees Significant Growth in Short Interest

Eureka Acquisition Corp (NASDAQ:EURKU) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 113 shares, a growth of 653.3% from the October 15th total of 15 shares. Based on an average daily trading volume, of 190 shares, the short-interest ratio is currently 0.6 days.

Eureka Acquisition Trading Down 11.2%

Shares of Eureka Acquisition stock traded down $1.49 on Thursday, hitting $11.81. Eureka Acquisition has a 52-week low of $11.44 and a 52-week high of $13.80. The firm has a 50 day moving average price of $11.96 and a two-hundred day moving average price of $11.39.

Eureka Acquisition Company Profile

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, or similar business combination with an operating company. It was established as a blank-check company and did not have significant operating businesses or products of its own. At its formation, Eureka said it intended to seek opportunities in sectors including technology, media and telecommunications, healthcare, education, and consumer businesses, with a focus on Asia.