East West Ave Acquisition Corp. (NASDAQ:EWAVU) Sees Large Drop in Short Interest

by · The Markets Daily

East West Ave Acquisition Corp. (NASDAQ:EWAVU – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,025 shares, a drop of 92.9% from the August 15th total of 14,406 shares. Based on an average daily trading volume, of 34,744 shares, the short-interest ratio is presently 0.0 days.

East West Ave Acquisition Trading Up 0.1%

Shares of NASDAQ:EWAVU traded up $0.01 during midday trading on Thursday, reaching $10.04. The company had a trading volume of 30,453 shares, compared to its average volume of 89,448. East West Ave Acquisition has a 1-year low of $9.91 and a 1-year high of $10.40.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded East West Ave Acquisition to a “hold” rating in a research report on Saturday, August 15th.

Check Out Our Latest Research Report on EWAVU

Insider Transactions at East West Ave Acquisition

In other East West Ave Acquisition news, insider Space Summit Capital Llc purchased 1,087,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $10.00 per share, for a total transaction of $10,870,000.00. Following the completion of the transaction, the insider owned 1,087,000 shares in the company, valued at $10,870,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

East West Ave Acquisition Company Profile

(Get Free Report)

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.

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