Evolution Global Acquisition Corp (NASDAQ:EVOXU – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 5 shares, a drop of 70.6% from the September 15th total of 17 shares. Based on an average daily volume of 211 shares, the days-to-cover ratio is currently 0.0 days.
Evolution Global Acquisition Stock Performance
EVOXU traded down $0.05 during trading on Tuesday, hitting $10.21. The stock had a trading volume of 201 shares, compared to its average volume of 4,329. The company has a 50 day moving average price of $10.27 and a 200-day moving average price of $10.22. Evolution Global Acquisition has a one year low of $9.83 and a one year high of $10.31.
About Evolution Global Acquisition
Evolution Global Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. Rather than developing or selling its own products and services, the company was formed to pursue a merger, share exchange, asset acquisition, reorganization or similar transaction.
The company’s activities primarily involve evaluating potential acquisition targets, conducting due diligence and negotiating the terms of a business combination.
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