Evolution Global Acquisition Corp (NASDAQ:EVOXU) Sees Large Drop in Short Interest

Evolution Global Acquisition Corp (NASDAQ:EVOXU) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5 shares, a decrease of 97.2% from the June 15th total of 177 shares. Based on an average daily trading volume, of 792 shares, the days-to-cover ratio is presently 0.0 days.

Evolution Global Acquisition Trading Down 0.1%

Shares of EVOXU stock traded down $0.01 during midday trading on Friday, reaching $10.22. 516 shares of the company traded hands, compared to its average volume of 5,097. The business’s 50 day moving average price is $10.19. Evolution Global Acquisition has a 1-year low of $10.05 and a 1-year high of $10.30.

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.