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

Evo Acquisition Corp. (NASDAQ:EVOJGet Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,900 shares, an increase of 111.1% from the April 30th total of 900 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Shares of NASDAQ:EVOJ remained flat at $$9.78 during midday trading on Friday. 2,200 shares of the company were exchanged, compared to its average volume of 33,324. Evo Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $10.22. The stock’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $9.76.

Several large investors have recently modified their holdings of the stock. Walleye Capital LLC raised its holdings in shares of Evo Acquisition by 243.5% during the first quarter. Walleye Capital LLC now owns 134,725 shares of the company’s stock worth $1,324,000 after acquiring an additional 95,500 shares during the period. Nomura Holdings Inc. raised its holdings in shares of Evo Acquisition by 3,571.4% during the first quarter. Nomura Holdings Inc. now owns 257,000 shares of the company’s stock worth $2,519,000 after acquiring an additional 250,000 shares during the period. Walleye Trading LLC raised its holdings in shares of Evo Acquisition by 116.7% during the first quarter. Walleye Trading LLC now owns 99,700 shares of the company’s stock worth $980,000 after acquiring an additional 53,700 shares during the period. Saba Capital Management L.P. raised its holdings in shares of Evo Acquisition by 66.9% during the first quarter. Saba Capital Management L.P. now owns 869,853 shares of the company’s stock worth $8,551,000 after acquiring an additional 348,530 shares during the period. Finally, Fort Baker Capital Management LP raised its holdings in shares of Evo Acquisition by 116.0% during the first quarter. Fort Baker Capital Management LP now owns 1,183,728 shares of the company’s stock worth $11,637,000 after acquiring an additional 635,618 shares during the period.

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 intends to focus on companies in the technology and financial sectors.

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