Eureka Acquisition Corp. (NASDAQ:EURK) Shares Shorted: Short Interest Down 80.7% in October

Eureka Acquisition Corp. (NASDAQ:EURK – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 72 shares, a decline of 80.7% from the October 15th total of 373 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 761 shares, the short-interest ratio is currently 0.1 days.

Eureka Acquisition Stock Performance

Shares of Eureka Acquisition stock traded down $0.01 during trading on Friday, reaching $11.57. 104 shares of the stock were exchanged, compared to its average volume of 453. Eureka Acquisition has a 1 year low of $10.80 and a 1 year high of $14.28. The stock’s fifty day moving average is $11.51 and its 200 day moving average is $11.48.

Institutional Investors Weigh In On Eureka Acquisition

A hedge fund recently raised its position in Eureka Acquisition stock. Polar Asset Management Partners Inc. grew its holdings in shares of Eureka Acquisition Corp. (NASDAQ:EURK – Free Report) by 193.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,000 shares of the company’s stock after buying an additional 110,000 shares during the period. Polar Asset Management Partners Inc. owned 3.46% of Eureka Acquisition worth $1,894,000 as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Eureka Acquisition in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Eureka Acquisition has a consensus rating of “Sell”.

Read Our Latest Stock Report on EURK

Eureka Acquisition Company Profile

(Get Free Report)

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar corporate combination. Unlike an operating company, Eureka Acquisition Corp. does not have a portfolio of commercial products or services and generally conducts limited business activities while it searches for a suitable acquisition target.

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