Eureka Acquisition Corp. (NASDAQ:EURK) Short Interest Update

Eureka Acquisition Corp. (NASDAQ:EURK) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 5,788 shares, an increase of 466.9% from the June 15th total of 1,021 shares. Based on an average trading volume of 61,881 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Eureka Acquisition Price Performance

Shares of EURK stock traded down $0.35 during trading hours on Monday, reaching $12.09. 13,661 shares of the stock were exchanged, compared to its average volume of 12,786. Eureka Acquisition has a 12-month low of $10.54 and a 12-month high of $14.28. The company’s 50-day moving average price is $11.53 and its 200-day moving average price is $11.30.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eureka Acquisition in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EURK. Berkley W R Corp raised its holdings in shares of Eureka Acquisition by 3.2% in the 1st 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 acquiring an additional 110,000 shares during the last quarter. Meteora Capital LLC acquired a new stake in Eureka Acquisition in the third quarter valued at approximately $1,386,000. Finally, Clear Street Group Inc. boosted its stake in Eureka Acquisition by 35.4% in the fourth quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after acquiring an additional 24,135 shares in the last 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.