Eureka Acquisition Corp. (NASDAQ:EURK) Short Interest Up 147.7% in May

Eureka Acquisition Corp. (NASDAQ:EURK) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 956 shares, an increase of 147.7% from the April 30th total of 386 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,746 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Eureka Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Berkley W R Corp lifted its position in Eureka Acquisition by 3.2% during the first quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock valued at $3,578,000 after purchasing an additional 9,860 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in Eureka Acquisition by 193.0% during the first quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock valued at $1,894,000 after purchasing an additional 110,000 shares in the last quarter. Crossingbridge Advisors LLC purchased a new position in Eureka Acquisition during the third quarter valued at $1,431,000. Meteora Capital LLC purchased a new position in Eureka Acquisition during the third quarter valued at $1,386,000. Finally, Clear Street Group Inc. lifted its position in Eureka Acquisition by 35.4% during the fourth quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after purchasing an additional 24,135 shares in the last quarter.

Eureka Acquisition Stock Down 1.0%

Shares of Eureka Acquisition stock traded down $0.12 on Monday, reaching $11.39. The company’s stock had a trading volume of 4 shares, compared to its average volume of 1,520. The firm’s fifty day simple moving average is $11.36 and its two-hundred day simple moving average is $11.16. Eureka Acquisition has a 52 week low of $10.30 and a 52 week high of $12.66.

Eureka Acquisition (NASDAQ:EURK) last posted its earnings results on Friday, May 15th. The company reported $0.13 EPS for the quarter.

About Eureka Acquisition

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank?check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.