Short Interest in Evolution Global Acquisition Corp (NASDAQ:EVOXU) Decreases By 92.1%

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 26 shares, a drop of 92.1% from the July 15th total of 328 shares. Based on an average daily volume of 801 shares, the short-interest ratio is currently 0.0 days.

Evolution Global Acquisition Stock Performance

Shares of EVOXU traded up $0.03 during midday trading on Tuesday, hitting $10.23. 705 shares of the stock traded hands, compared to its average volume of 4,833. Evolution Global Acquisition has a 1-year low of $9.91 and a 1-year high of $10.30. The company’s 50 day simple moving average is $10.21.

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.