Evolution Global Acquisition Corp (NASDAQ:EVOX) Short Interest Update

Evolution Global Acquisition Corp (NASDAQ:EVOX) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,409 shares, a decrease of 50.2% from the May 14th total of 8,854 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 22,906 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

EVOX has been the topic of several analyst reports. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Evolution Global Acquisition Price Performance

Shares of NASDAQ:EVOX opened at $10.01 on Friday. Evolution Global Acquisition has a 12-month low of $9.86 and a 12-month high of $10.09. The stock has a fifty day moving average of $10.00.

Evolution Global Acquisition (NASDAQ:EVOX) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of Evolution Global Acquisition

Several institutional investors have recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. acquired a new position in shares of Evolution Global Acquisition during the fourth quarter valued at $1,974,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Evolution Global Acquisition in the 4th quarter valued at about $2,923,000. Periscope Capital Inc. bought a new stake in Evolution Global Acquisition in the 4th quarter valued at about $4,338,000. ABC Arbitrage SA acquired a new position in Evolution Global Acquisition during the 4th quarter valued at about $197,000. Finally, Rivernorth Capital Management LLC bought a new position in Evolution Global Acquisition in the 1st quarter worth about $994,000.

Evolution Global Acquisition Company Profile

Evolution Global Acquisition (NASDAQ:EVOX) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank?check company, its primary business purpose is to identify, negotiate and complete a business combination, merger or other acquisition that takes a target company public through the SPAC structure. The vehicle provides a means for investors to gain exposure to prospective private companies seeking public market access via a negotiated transaction with the sponsor.

SPACs like Evolution Global Acquisition typically raise capital in an initial public offering and hold funds in trust while they evaluate potential transaction opportunities.