Short Interest in East West Ave Acquisition Corp. (NASDAQ:EWAVU) Increases By ?

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 14,406 shares, an increase of ? from the July 30th total of 0 shares. Based on an average trading volume of 157,401 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling at East West Ave Acquisition

In related news, insider Space Summit Capital Llc sold 90,469 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $9.94, for a total transaction of $899,261.86. Following the sale, the insider owned 996,531 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

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

East West Ave Acquisition Stock Performance

NASDAQ:EWAVU remained flat at $10.00 during mid-day trading on Friday. The company had a trading volume of 19 shares, compared to its average volume of 129,463. East West Ave Acquisition has a 12 month low of $9.91 and a 12 month high of $10.27.

East West Ave Acquisition Company Profile

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.