Eureka Acquisition Corp (NASDAQ:EURKU – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 113 shares, an increase of 653.3% from the October 15th total of 15 shares. Based on an average daily volume of 190 shares, the days-to-cover ratio is presently 0.6 days.
Eureka Acquisition Stock Performance
Shares of EURKU opened at $11.81 on Friday. The company’s fifty day simple moving average is $11.96 and its 200 day simple moving average is $11.39. Eureka Acquisition has a 1-year low of $11.44 and a 1-year high of $13.80.
About Eureka Acquisition
Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, or similar business combination with an operating company. It was established as a blank-check company and did not have significant operating businesses or products of its own. At its formation, Eureka said it intended to seek opportunities in sectors including technology, media and telecommunications, healthcare, education, and consumer businesses, with a focus on Asia.
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