Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Down 91.1% in June

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 177 shares, a drop of 91.1% from the May 31st total of 1,983 shares. Based on an average daily trading volume, of 2,161 shares, the days-to-cover ratio is presently 0.1 days.

Evolution Global Acquisition Price Performance

Shares of EVOXU traded up $0.02 on Friday, reaching $10.20. The stock had a trading volume of 151 shares, compared to its average volume of 5,388. The company’s 50-day moving average is $10.18. Evolution Global Acquisition has a twelve month low of $10.05 and a twelve month high of $10.30.

About Evolution Global Acquisition

Evolution Global Acquisition (NASDAQ: EVOXU) is a special purpose acquisition company (SPAC) listed on the Nasdaq as units. As a blank‑check vehicle, its primary business purpose is to raise capital in the public markets and use those funds to effect a merger, share exchange, asset acquisition, reorganization or other business combination that will result in an operating company being publicly listed.

Unlike operating companies, Evolution Global Acquisition does not produce goods or services on its own; instead it focuses on identifying, negotiating and completing a business combination with a privately held target.