East West Ave Acquisition Corp. (NASDAQ:EWAVU) Stock Short Interest Declines 67.4%

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 334 shares, a drop of 67.4% from the August 31st total of 1,025 shares. Based on an average daily trading volume, of 10,224 shares, the short-interest ratio is currently 0.0 days.

East West Ave Acquisition Price Performance

Shares of EWAVU traded down $0.01 during trading hours on Friday, reaching $10.05. 1,571 shares of the stock traded hands, compared to its average volume of 78,646. East West Ave Acquisition has a 52 week low of $9.91 and a 52 week high of $10.40.

Analyst Ratings Changes

Separately, Wall Street Zen raised East West Ave Acquisition to a “hold” rating in a research note on Saturday, August 15th.

Insider Transactions at East West Ave Acquisition

In other news, insider Space Summit Capital Llc purchased 1,087,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $10.00 per share, with a total value of $10,870,000.00. Following the completion of the transaction, the insider owned 1,087,000 shares of the company’s stock, valued at $10,870,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

East West Ave Acquisition Company Profile

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.