EGH Acquisition Corp. (NASDAQ:EGHAU) Sees Significant Growth in Short Interest

EGH Acquisition Corp. (NASDAQ:EGHAU) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily trading volume, of 26 shares, the days-to-cover ratio is currently 0.0 days.

EGH Acquisition Price Performance

Shares of NASDAQ EGHAU opened at $11.00 on Friday. EGH Acquisition has a 52 week low of $10.02 and a 52 week high of $11.00. The firm’s fifty day moving average is $10.65 and its 200 day moving average is $10.48.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in EGH Acquisition during the 2nd quarter valued at $7,133,000. LMR Partners LLP purchased a new position in EGH Acquisition during the 2nd quarter valued at $7,133,000. Shaolin Capital Management LLC purchased a new position in EGH Acquisition during the 2nd quarter valued at $5,095,000. Hudson Bay Capital Management LP purchased a new position in EGH Acquisition during the 2nd quarter valued at $3,260,000. Finally, Radcliffe Capital Management L.P. purchased a new position in EGH Acquisition during the 2nd quarter valued at $2,698,000.

About EGH Acquisition

EGH Acquisition Corp is a Delaware special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a business combination. Its units began trading on the Nasdaq under the symbol EGHAU in October 2021, and its sole assets consist of the proceeds from its IPO held in a trust account.

The company’s primary activity is to identify and complete a merger, capital stock exchange, share purchase, asset acquisition or other business combination with one or more businesses.