EGH Acquisition Corp. (NASDAQ:EGHA) Short Interest Up 291.3% in August

EGH Acquisition Corp. (NASDAQ:EGHA) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,119 shares, a growth of 291.3% from the August 15th total of 286 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 43,952 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of EGH Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

EGH Acquisition Stock Up 0.7%

NASDAQ EGHA traded up $0.07 during trading hours on Friday, reaching $10.46. The company’s stock had a trading volume of 1,495 shares, compared to its average volume of 24,286. EGH Acquisition has a 1 year low of $9.31 and a 1 year high of $10.80. The firm’s 50-day moving average price is $10.36 and its 200-day moving average price is $10.30.

Hedge Funds Weigh In On EGH Acquisition

Several hedge funds have recently modified their holdings of EGHA. Citadel Advisors LLC purchased a new position in EGH Acquisition during the second quarter valued at $202,000. DLD Asset Management LP bought a new position in shares of EGH Acquisition during the 1st quarter valued at about $347,000. Lineage Point Capital LP bought a new position in shares of EGH Acquisition during the 4th quarter valued at about $465,000. Toronto Dominion Bank grew its position in shares of EGH Acquisition by 252.2% during the fourth quarter. Toronto Dominion Bank now owns 177,958 shares of the company’s stock valued at $1,803,000 after purchasing an additional 127,436 shares in the last quarter. Finally, TIG Advisors LLC purchased a new position in shares of EGH Acquisition during the fourth quarter valued at about $2,052,000.

About EGH Acquisition

EGH Acquisition (NASDAQ: EGHA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses. As a blank?check vehicle, the company’s primary business activity is to raise capital through an initial public offering and to seek qualifying target companies for a business combination that would result in the target becoming a publicly listed entity.

Like other SPACs, EGH Acquisition typically holds the proceeds of its offering in trust while it evaluates potential targets and transaction structures.