EGH Acquisition Corp. (NASDAQ:EGHA) Short Interest Down 82.8% in May

EGH Acquisition Corp. (NASDAQ:EGHA) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,571 shares, a decrease of 82.8% from the May 14th total of 14,966 shares. Based on an average daily volume of 24,323 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

EGH Acquisition Stock Performance

Shares of NASDAQ:EGHA remained flat at $10.30 during trading on Thursday. 6,908 shares of the stock were exchanged, compared to its average volume of 70,675. The stock’s 50 day moving average is $10.28. EGH Acquisition has a 12 month low of $9.31 and a 12 month high of $10.80.

Institutional Investors Weigh In On EGH Acquisition

A number of institutional investors have recently modified their holdings of EGHA. Periscope Capital Inc. lifted its position in shares of EGH Acquisition by 26.6% during the 4th quarter. Periscope Capital Inc. now owns 253,146 shares of the company’s stock valued at $2,564,000 after acquiring an additional 53,146 shares during the period. ABC Arbitrage SA acquired a new position in shares of EGH Acquisition during the 4th quarter valued at $304,000. Clear Street Group Inc. lifted its position in shares of EGH Acquisition by 4,341.2% during the 4th quarter. Clear Street Group Inc. now owns 264,473 shares of the company’s stock valued at $2,679,000 after acquiring an additional 258,518 shares during the period. Radcliffe Capital Management L.P. lifted its position in shares of EGH Acquisition by 9.1% during the 4th quarter. Radcliffe Capital Management L.P. now owns 522,737 shares of the company’s stock valued at $5,295,000 after acquiring an additional 43,765 shares during the period. Finally, Lineage Point Capital LP acquired a new position in shares of EGH Acquisition during the 4th quarter valued at $465,000.

About EGH Acquisition

EGH Acquisition (NASDAQ: EGHA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses. As a blank?check vehicle, the company’s primary business activity is to raise capital through an initial public offering and to seek qualifying target companies for a business combination that would result in the target becoming a publicly listed entity.

Like other SPACs, EGH Acquisition typically holds the proceeds of its offering in trust while it evaluates potential targets and transaction structures.