Evo Acquisition Corp. (NASDAQ:EVOJ) Short Interest Up 111.1% in May

Evo Acquisition Corp. (NASDAQ:EVOJGet Rating) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,900 shares, a growth of 111.1% from the April 30th total of 900 shares. Based on an average daily volume of 14,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional investors have recently made changes to their positions in the stock. Integrity Capital Management HK Ltd bought a new position in Evo Acquisition during the first quarter valued at approximately $49,000. Magnetar Financial LLC bought a new stake in shares of Evo Acquisition in the 3rd quarter valued at approximately $101,000. Dark Forest Capital Management LP bought a new stake in shares of Evo Acquisition in the 3rd quarter valued at approximately $238,000. PEAK6 Investments LLC lifted its stake in shares of 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 purchasing an additional 4,838 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Evo Acquisition in the 4th quarter valued at approximately $380,000.

Shares of NASDAQ:EVOJ remained flat at $$9.78 during trading on Friday. The company had a trading volume of 2,252 shares, compared to its average volume of 33,804. Evo Acquisition has a 12-month low of $9.60 and a 12-month high of $10.22. The firm has a 50-day moving average of $9.80 and a 200-day moving average of $9.76.

Evo Acquisition Company Profile (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 intends to focus on companies in the technology and financial sectors.

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