Evolution Global Acquisition Corp (NASDAQ:EVOX) Short Interest Down 61.7% in July
by Danessa Lincoln · The Markets DailyEvolution Global Acquisition Corp (NASDAQ:EVOX – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,518 shares, a decrease of 61.7% from the July 15th total of 3,966 shares. Based on an average daily trading volume, of 18,113 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Evolution Global Acquisition has a consensus rating of “Sell”.
View Our Latest Report on EVOX
Institutional Trading of Evolution Global Acquisition
Several large investors have recently modified their holdings of EVOX. DLD Asset Management LP acquired a new position in shares of Evolution Global Acquisition during the first quarter valued at about $996,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Evolution Global Acquisition during the 1st quarter worth about $3,992,000. Bulldog Investors LLP acquired a new stake in shares of Evolution Global Acquisition in the 1st quarter valued at about $1,026,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Evolution Global Acquisition in the 4th quarter valued at about $1,974,000. Finally, Rivernorth Capital Management LLC bought a new stake in Evolution Global Acquisition in the 1st quarter valued at about $994,000.
Evolution Global Acquisition Stock Performance
Shares of Evolution Global Acquisition stock opened at $10.08 on Friday. Evolution Global Acquisition has a one year low of $9.86 and a one year high of $10.09. The company’s 50-day simple moving average is $10.05.
Evolution Global Acquisition (NASDAQ:EVOX – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter.
About Evolution Global Acquisition
Evolution Global Acquisition (NASDAQ:EVOX) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check company, its primary business purpose is to identify, negotiate and complete a business combination, merger or other acquisition that takes a target company public through the SPAC structure. The vehicle provides a means for investors to gain exposure to prospective private companies seeking public market access via a negotiated transaction with the sponsor.
SPACs like Evolution Global Acquisition typically raise capital in an initial public offering and hold funds in trust while they evaluate potential transaction opportunities.