Eureka Acquisition Corp. (NASDAQ:EURK) Short Interest Update

Eureka Acquisition Corp. (NASDAQ:EURK) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,788 shares, a growth of 466.9% from the June 15th total of 1,021 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 61,881 shares, the short-interest ratio is presently 0.1 days.

Eureka Acquisition Stock Down 1.4%

EURK stock traded down $0.17 during trading on Friday, reaching $11.93. 3,598 shares of the stock were exchanged, compared to its average volume of 33,348. The firm’s 50 day moving average is $11.53 and its 200 day moving average is $11.30. Eureka Acquisition has a twelve month low of $10.54 and a twelve month high of $14.28.

Eureka Acquisition (NASDAQ:EURK) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.13 EPS for the quarter.

Institutional Trading of Eureka Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of EURK. Berkley W R Corp lifted its stake in shares of Eureka Acquisition by 3.2% in the first quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock valued at $3,578,000 after buying an additional 9,860 shares in the last quarter. Clear Street Group Inc. lifted its position in Eureka Acquisition by 35.4% in the 4th quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after acquiring an additional 24,135 shares in the last quarter. Polar Asset Management Partners Inc. boosted its stake in Eureka Acquisition by 193.0% during the 1st quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock valued at $1,894,000 after purchasing an additional 110,000 shares during the last quarter. Finally, Meteora Capital LLC acquired a new position in Eureka Acquisition during the 3rd quarter valued at about $1,386,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eureka Acquisition in a research report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Eureka Acquisition Company Profile

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank?check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.