Evo Acquisition Corp. (NASDAQ:EVOJ) Sees Large Increase in Short Interest

Evo Acquisition Corp. (NASDAQ:EVOJGet Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,800 shares, an increase of 47.4% from the March 15th total of 1,900 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is presently 0.2 days.

EVOJ stock opened at $9.80 on Friday. The firm has a 50 day moving average of $9.77 and a 200-day moving average of $9.74. Evo Acquisition has a 12-month low of $9.60 and a 12-month high of $10.22.

Large investors have recently made changes to their positions in the company. Mizuho Securities USA LLC purchased a new stake in shares of Evo Acquisition during the 3rd quarter worth approximately $99,000. Magnetar Financial LLC purchased a new stake in Evo Acquisition in the 3rd quarter valued at approximately $101,000. Dark Forest Capital Management LP purchased a new stake in Evo Acquisition in the 3rd quarter valued at approximately $238,000. PEAK6 Investments LLC lifted its stake in Evo Acquisition by 19.4% in the 3rd quarter. PEAK6 Investments LLC now owns 29,838 shares of the company’s stock valued at $289,000 after buying an additional 4,838 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Evo Acquisition in the 4th quarter valued at approximately $380,000.

About Evo Acquisition (Get Rating)

Evo Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Crystal Bay, Nevada.

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