Short Interest in Evolution Global Acquisition Corp (NASDAQ:EVOXU) Increases By 155.9%

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,254 shares, a growth of 155.9% from the April 30th total of 490 shares. Based on an average daily trading volume, of 2,071 shares, the short-interest ratio is presently 0.6 days.

Evolution Global Acquisition Stock Down 0.0%

NASDAQ:EVOXU traded down $0.01 during trading hours on Monday, reaching $10.19. 904 shares of the company were exchanged, compared to its average volume of 6,261. Evolution Global Acquisition has a 52-week low of $10.05 and a 52-week high of $10.30. The company’s 50 day moving average is $10.18.

Evolution Global Acquisition Company Profile

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.