East West Ave Acquisition Corp. (NASDAQ:EWAVU – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,025 shares, a decrease of 92.9% from the August 15th total of 14,406 shares. Based on an average daily trading volume, of 34,744 shares, the days-to-cover ratio is presently 0.0 days.
East West Ave Acquisition Trading Up 0.5%
EWAVU stock traded up $0.05 during mid-day trading on Friday, reaching $10.07. The company had a trading volume of 30,453 shares, compared to its average volume of 89,448. East West Ave Acquisition has a one year low of $9.91 and a one year high of $10.40.
Insider Buying and Selling
In other news, insider Space Summit Capital Llc bought 1,087,000 shares of East West Ave Acquisition stock in a transaction on Friday, July 31st. The shares were bought at an average price of $10.00 per share, with a total value of $10,870,000.00. Following the acquisition, the insider directly owned 1,087,000 shares in the company, valued at approximately $10,870,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Analysts Set New Price Targets
View Our Latest Stock Analysis on East West Ave Acquisition
East West Ave Acquisition Company Profile
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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