Eureka Acquisition Corp. (NASDAQ:EURK) Shares Shorted: Short Interest Down 75.3% in September

by · The Markets Daily

Eureka Acquisition Corp. (NASDAQ:EURK – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 114 shares, a decline of 75.3% from the August 31st total of 462 shares. Based on an average daily trading volume, of 31,924 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Eureka Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Polar Asset Management Partners Inc. increased its holdings in Eureka Acquisition by 193.0% in the first quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock worth $1,894,000 after purchasing an additional 110,000 shares in the last quarter. Clear Street Group Inc. lifted its stake in Eureka Acquisition by 35.4% in the fourth quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after buying an additional 24,135 shares during the period. Finally, Berkley W R Corp boosted its holdings in shares of Eureka Acquisition by 3.2% during the 1st quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after buying an additional 9,860 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Eureka Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Eureka Acquisition

Eureka Acquisition Price Performance

NASDAQ EURK traded down $0.03 during mid-day trading on Friday, reaching $11.53. 538 shares of the stock were exchanged, compared to its average volume of 17,573. Eureka Acquisition has a one year low of $10.69 and a one year high of $14.28. The stock has a 50 day simple moving average of $11.65 and a 200-day simple moving average of $11.52.

Eureka Acquisition (NASDAQ:EURK – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.12 EPS for the quarter.

Eureka Acquisition Company Profile

(Get Free Report)

Eureka Acquisition Corp. (NASDAQ: EURK) is a special purpose acquisition company (SPAC), also known as a blank-check company. Its primary purpose is to identify and complete a business combination with an operating company or other business.

Unlike an operating company, Eureka Acquisition does not have established commercial products or services of its own. The company’s activities are focused on evaluating potential merger, acquisition, or similar transactions and completing a transaction that meets the requirements of its corporate structure and shareholders.

Publicly available information about Eureka Acquisition’s specific target, operating activities, geographic markets, and leadership is limited.

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