EGH Acquisition Corp. (NASDAQ:EGHA) Stock Short Interest Climbs 266.7%

EGH Acquisition Corp. (NASDAQ:EGHA) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 165 shares, an increase of 266.7% from the October 15th total of 45 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,323 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of EGH Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating. According to MarketBeat, EGH Acquisition presently has a consensus rating of “Sell”.

EGH Acquisition Stock Performance

Shares of EGHA stock traded up $0.01 during trading hours on Thursday, reaching $10.48. 75,196 shares of the company’s stock were exchanged, compared to its average volume of 69,532. The company’s 50 day moving average is $10.43 and its two-hundred day moving average is $10.32. EGH Acquisition has a 1 year low of $10.10 and a 1 year high of $10.80.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EGHA. Alberta Investment Management Corp purchased a new stake in EGH Acquisition during the third quarter worth about $3,654,000. Context Capital Management LLC acquired a new position in EGH Acquisition during the third quarter worth about $2,087,000. Citadel Advisors LLC purchased a new position in EGH Acquisition in the second quarter valued at about $202,000. Finally, DLD Asset Management LP purchased a new position in EGH Acquisition in the first quarter valued at about $347,000.

About EGH Acquisition

EGH Acquisition is a special purpose acquisition company formed to pursue a business combination, such as a merger, share exchange, asset acquisition or similar transaction with one or more existing businesses. As a blank-check company, EGH Acquisition does not have an established operating business, products or services of its own. Its principal activities are identifying and evaluating potential acquisition opportunities and, if it reaches an agreement, completing a business combination. Publicly available information about the company’s target industries, geographic focus and leadership is limited, so no specific operating markets or management background can be described reliably.