Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Down 92.1% in July

Evolution Global Acquisition Corp (NASDAQ:EVOXU) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 26 shares, a decline of 92.1% from the July 15th total of 328 shares. Based on an average daily trading volume, of 801 shares, the days-to-cover ratio is currently 0.0 days.

Evolution Global Acquisition Price Performance

NASDAQ:EVOXU traded up $0.03 during midday trading on Tuesday, hitting $10.23. 705 shares of the stock were exchanged, compared to its average volume of 4,833. The company’s 50-day moving average price is $10.21. Evolution Global Acquisition has a one year low of $9.91 and a one 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.