Evolution Global Acquisition Corp (NASDAQ:EVOXU) Short Interest Down 36.2% in April

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 490 shares, a drop of 36.2% from the April 15th total of 768 shares. Based on an average daily trading volume, of 696 shares, the days-to-cover ratio is currently 0.7 days.

Evolution Global Acquisition Price Performance

NASDAQ:EVOXU opened at $10.16 on Wednesday. The stock has a fifty day moving average price of $10.18. Evolution Global Acquisition has a 1 year low of $10.05 and a 1 year high of $10.30.

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.