East West Ave Acquisition Corp. (NASDAQ:EWAVU) Short Interest Up ∞ in August

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 14,406 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 157,401 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of East West Ave Acquisition to a “hold” rating in a research note on Saturday, August 15th.

Insider Activity

In other East West Ave Acquisition news, insider Space Summit Capital Llc sold 90,469 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $9.94, for a total transaction of $899,261.86. Following the transaction, the insider owned 996,531 shares in the company, valued at $9,905,518.14. This represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

East West Ave Acquisition Price Performance

East West Ave Acquisition stock traded up $0.05 during mid-day trading on Monday, reaching $10.05. The stock had a trading volume of 19 shares, compared to its average volume of 129,463. East West Ave Acquisition has a fifty-two week low of $9.91 and a fifty-two week high of $10.27.

About East West Ave Acquisition

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.