Eureka Acquisition Corp (NASDAQ:EURKU) Shares Shorted: Short Interest Up 653.3% in October

Eureka Acquisition Corp (NASDAQ:EURKU) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 113 shares, a growth of 653.3% from the October 15th total of 15 shares. Based on an average trading volume of 190 shares, the short-interest ratio is presently 0.6 days.

Eureka Acquisition Price Performance

Shares of EURKU stock opened at $11.81 on Wednesday. The company’s fifty day simple moving average is $12.00 and its 200-day simple moving average is $11.38. Eureka Acquisition has a 52 week low of $11.44 and a 52 week high of $13.80.

About Eureka Acquisition

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, or similar business combination with an operating company. It was established as a blank-check company and did not have significant operating businesses or products of its own. At its formation, Eureka said it intended to seek opportunities in sectors including technology, media and telecommunications, healthcare, education, and consumer businesses, with a focus on Asia.