Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Up 58.1% in May

Evolution Global Acquisition Corp (NASDAQ:EVOXU) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,983 shares, a growth of 58.1% from the May 14th total of 1,254 shares. Based on an average daily volume of 730 shares, the short-interest ratio is currently 2.7 days.

Evolution Global Acquisition Stock Performance

Evolution Global Acquisition stock traded down $0.01 during midday trading on Wednesday, hitting $10.19. 3,008 shares of the company’s stock were exchanged, compared to its average volume of 5,812. Evolution Global Acquisition has a 12-month low of $10.05 and a 12-month high of $10.30. The business has a 50 day moving average price of $10.17.

About Evolution Global Acquisition

Evolution Global Acquisition (NASDAQ: EVOXU) is a special purpose acquisition company (SPAC) listed on the Nasdaq as units. As a blank?check vehicle, its primary business purpose is to raise capital in the public markets and use those funds to effect a merger, share exchange, asset acquisition, reorganization or other business combination that will result in an operating company being publicly listed.

Unlike operating companies, Evolution Global Acquisition does not produce goods or services on its own; instead it focuses on identifying, negotiating and completing a business combination with a privately held target.