Eureka Acquisition Corp. (NASDAQ:EURK) Stock Short Interest Falls 75.3%

Eureka Acquisition Corp. (NASDAQ:EURK) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 114 shares, a drop of 75.3% from the August 31st total of 462 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,924 shares, the short-interest ratio is presently 0.0 days.

Eureka Acquisition Price Performance

Shares of Eureka Acquisition stock traded down $0.03 during trading on Friday, reaching $11.53. The company’s stock had a trading volume of 538 shares, compared to its average volume of 17,573. Eureka Acquisition has a 52-week low of $10.69 and a 52-week high of $14.28. The firm’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.52.

Eureka Acquisition (NASDAQ:EURK) last issued its earnings results on Thursday, July 23rd. The company reported $0.12 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Eureka Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. lifted its stake in shares of Eureka Acquisition by 193.0% in the 1st 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. Berkley W R Corp increased its stake in Eureka Acquisition by 3.2% in the 1st quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after purchasing an additional 9,860 shares during the period. Finally, Clear Street Group Inc. increased its stake in Eureka Acquisition by 35.4% in the 4th quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock worth $1,009,000 after purchasing an additional 24,135 shares during the period.

Eureka Acquisition Company Profile

Eureka Acquisition Corp. (NASDAQ: EURK) is a special purpose acquisition company (SPAC), also known as a blank-check company. Its primary purpose is to identify and complete a business combination with an operating company or other business.

Unlike an operating company, Eureka Acquisition does not have established commercial products or services of its own. The company’s activities are focused on evaluating potential merger, acquisition, or similar transactions and completing a transaction that meets the requirements of its corporate structure and shareholders.

Publicly available information about Eureka Acquisition’s specific target, operating activities, geographic markets, and leadership is limited.