East West Ave Acquisition Corp. (NASDAQ:EWAVU) Stock Short Interest Declines 67.4%

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 334 shares, a drop of 67.4% from the August 31st total of 1,025 shares. Based on an average daily volume of 10,224 shares, the short-interest ratio is currently 0.0 days.

East West Ave Acquisition Trading Down 0.1%

Shares of EWAVU stock traded down $0.01 on Tuesday, hitting $10.04. The company’s stock had a trading volume of 1,301 shares, compared to its average volume of 74,150. East West Ave Acquisition has a fifty-two week low of $9.91 and a fifty-two week high of $10.40. The firm’s fifty day moving average price is $10.01.

Insiders Place Their Bets

In other East West Ave Acquisition news, insider Space Summit Capital Llc bought 1,087,000 shares of East West Ave Acquisition stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $10.00 per share, for a total transaction of $10,870,000.00. Following the completion of the acquisition, the insider directly owned 1,087,000 shares of the company’s stock, valued at approximately $10,870,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

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

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.