Emmis Acquisition (NASDAQ:EMIS) Shares Down 0.2% – Here’s What Happened

Emmis Acquisition Corp. (NASDAQ:EMIS) shares were down 0.2% during mid-day trading on Wednesday . The stock traded as low as $10.25 and last traded at $10.23. Approximately 83,026 shares were traded during mid-day trading, The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Emmis Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Emmis Acquisition Stock Down 0.2%

The business has a fifty day moving average price of $10.22 and a 200 day moving average price of $10.14.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Glazer Capital LLC bought a new position in Emmis Acquisition in the fourth quarter valued at $7,878,000. Aristeia Capital L.L.C. acquired a new position in shares of Emmis Acquisition during the 4th quarter worth about $5,574,000. Mint Tower Capital Management B.V. acquired a new position in shares of Emmis Acquisition during the 4th quarter worth about $4,975,000. Mangrove Partners IM LLC bought a new position in shares of Emmis Acquisition in the 4th quarter valued at about $4,975,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Emmis Acquisition in the 4th quarter valued at about $4,976,000.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.