Evolution Global Acquisition Corp (NASDAQ:EVOX) Short Interest Down 61.7% in July

Evolution Global Acquisition Corp (NASDAQ:EVOX) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,518 shares, a decline of 61.7% from the July 15th total of 3,966 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 18,113 shares, the days-to-cover ratio is currently 0.1 days.

Evolution Global Acquisition Stock Up 0.1%

NASDAQ:EVOX opened at $10.08 on Friday. The stock’s 50-day simple moving average is $10.05. Evolution Global Acquisition has a one year low of $9.86 and a one year high of $10.09.

Evolution Global Acquisition (NASDAQ:EVOX) last posted its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Evolution Global Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank bought a new position in shares of Evolution Global Acquisition in the fourth quarter valued at approximately $38,000. Meteora Capital LLC bought a new stake in Evolution Global Acquisition during the fourth quarter worth $49,000. ABC Arbitrage SA purchased a new stake in Evolution Global Acquisition in the 4th quarter valued at $197,000. Geode Capital Management LLC purchased a new stake in Evolution Global Acquisition in the 4th quarter valued at $250,000. Finally, ExodusPoint Capital Management LP bought a new position in Evolution Global Acquisition during the 4th quarter valued at $368,000.

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.