East West Ave Acquisition Corp. (NASDAQ:EWAVU) Short Interest Update

East West Ave Acquisition Corp. (NASDAQ:EWAVU) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,025 shares, a decline of 92.9% from the August 15th total of 14,406 shares. Based on an average trading volume of 34,744 shares, the short-interest ratio is presently 0.0 days.

Insider Activity at East West Ave Acquisition

In related news, insider Space Summit Capital Llc bought 1,087,000 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $10.00 per share, with a total value of $10,870,000.00. Following the completion of the acquisition, the insider owned 1,087,000 shares of the company’s stock, valued at $10,870,000. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

East West Ave Acquisition Stock Performance

Shares of NASDAQ EWAVU traded up $0.04 during midday trading on Friday, reaching $10.06. 30,453 shares of the company traded hands, compared to its average volume of 89,448. East West Ave Acquisition has a 52 week low of $9.91 and a 52 week high of $10.40.

Analyst Upgrades and Downgrades

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

About East West Ave Acquisition

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.