Evolution Global Acquisition Corp (NASDAQ:EVOXU – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 328 shares, a growth of 6,460.0% from the June 30th total of 5 shares. Based on an average daily volume of 1,222 shares, the days-to-cover ratio is currently 0.3 days.
Evolution Global Acquisition Price Performance
Shares of NASDAQ EVOXU opened at $10.22 on Friday. Evolution Global Acquisition has a 1 year low of $10.05 and a 1 year high of $10.30. The stock has a fifty day moving average price of $10.20.
Evolution Global Acquisition Company Profile
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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