Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Update

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

Evolution Global Acquisition Price Performance

EVOXU traded down $0.01 during midday trading on Tuesday, hitting $10.19. The company’s stock had a trading volume of 392 shares, compared to its average volume of 5,813. The firm has a 50-day simple moving average of $10.17. Evolution Global Acquisition has a 52-week low of $10.05 and a 52-week 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.