Short Interest in Evolution Global Acquisition Corp (NASDAQ:EVOXU) Declines By 97.2%

Evolution Global Acquisition Corp (NASDAQ:EVOXU) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 5 shares, a drop of 97.2% from the June 15th total of 177 shares. Based on an average trading volume of 792 shares, the days-to-cover ratio is presently 0.0 days.

Evolution Global Acquisition Price Performance

Shares of NASDAQ EVOXU traded down $0.01 during mid-day trading on Friday, reaching $10.22. 516 shares of the company were exchanged, compared to its average volume of 5,097. Evolution Global Acquisition has a 1 year low of $10.05 and a 1 year high of $10.30. The business has a 50-day simple moving average of $10.19.

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.