Evolution Global Acquisition Corp (NASDAQ:EVOXU – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 490 shares, a drop of 36.2% from the April 15th total of 768 shares. Based on an average daily volume of 696 shares, the days-to-cover ratio is currently 0.7 days.
Evolution Global Acquisition Stock Performance
EVOXU remained flat at $10.16 during trading on Monday. The stock’s fifty day moving average is $10.18. Evolution Global Acquisition has a 1-year low of $10.05 and a 1-year high of $10.30.
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.
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