East West Ave Acquisition Corp. (NASDAQ:EWAVU) Stock Short Interest Report for September

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 924 shares, an increase of 176.6% from the September 15th total of 334 shares. Based on an average daily volume of 29,904 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of East West Ave Acquisition to a “hold” rating in a research note on Saturday, August 15th.

Insider Activity

In other news, insider Space Summit Capital Llc sold 90,469 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $9.94, for a total transaction of $899,261.86. Following the transaction, the insider owned 996,531 shares of the company’s stock, valued at approximately $9,905,518.14. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

East West Ave Acquisition Price Performance

NASDAQ:EWAVU traded down $0.01 during midday trading on Wednesday, reaching $10.04. 200 shares of the company traded hands, compared to its average volume of 64,933. East West Ave Acquisition has a twelve month low of $9.91 and a twelve month high of $10.40. The firm has a fifty day moving average of $10.01.

East West Ave Acquisition Company Profile

We are a newly organized blank check company formed as a Nevada corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Throughout this prospectus we will refer to this 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.