Short Interest in Emmis Acquisition Corp. (NASDAQ:EMISR) Declines By 73.5%

Emmis Acquisition Corp. (NASDAQ:EMISR) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 36 shares, a decrease of 73.5% from the July 15th total of 136 shares. Based on an average daily volume of 2,975 shares, the days-to-cover ratio is currently 0.0 days.

Emmis Acquisition Stock Performance

Shares of NASDAQ EMISR traded up $0.00 during midday trading on Thursday, hitting $0.12. The company’s stock had a trading volume of 3,600 shares, compared to its average volume of 21,915. Emmis Acquisition has a 1 year low of $0.10 and a 1 year high of $0.18. The company’s fifty day moving average price is $0.14.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.