East West Ave Acquisition Corp. (NASDAQ:EWAV) Short Interest Update

East West Ave Acquisition Corp. (NASDAQ:EWAV) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 33,785 shares, a drop of 80.7% from the August 31st total of 175,102 shares. Based on an average daily trading volume, of 31,195 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of East West Ave Acquisition to a “hold” rating in a research report on Monday, August 17th.

East West Ave Acquisition Price Performance

Shares of EWAV remained flat at $9.90 during midday trading on Friday. 14 shares of the company’s stock traded hands, compared to its average volume of 144,932. East West Ave Acquisition has a twelve month low of $9.81 and a twelve month high of $9.91.