Short Interest in Eureka Acquisition Corp. (NASDAQ:EURK) Decreases By 60.0%

Eureka Acquisition Corp. (NASDAQ:EURK) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 200 shares, a decrease of 60.0% from the September 15th total of 500 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Eureka Acquisition

Large investors have recently bought and sold shares of the business. Gabelli Funds LLC acquired a new stake in Eureka Acquisition during the 1st quarter worth $743,000. Polar Asset Management Partners Inc. acquired a new stake in Eureka Acquisition during the 1st quarter worth $1,288,000. Clear Street LLC acquired a new stake in Eureka Acquisition during the 2nd quarter worth $2,283,000. Quarry LP boosted its stake in Eureka Acquisition by 125.0% during the 1st quarter. Quarry LP now owns 225,000 shares of the company’s stock worth $2,321,000 after purchasing an additional 125,000 shares during the period. Finally, Berkley W R Corp boosted its stake in Eureka Acquisition by 0.4% during the 2nd quarter. Berkley W R Corp now owns 305,628 shares of the company’s stock worth $3,179,000 after purchasing an additional 1,336 shares during the period.

Eureka Acquisition Trading Up 0.5%

Shares of NASDAQ:EURK opened at $10.86 on Friday. The firm has a fifty day moving average price of $10.71 and a 200 day moving average price of $10.54. Eureka Acquisition has a 1-year low of $10.07 and a 1-year high of $10.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Eureka Acquisition in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Eureka Acquisition

Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.