East West Ave Acquisition Corp. (NASDAQ:EWAVU) Stock Short Interest Climbs 176.6%

East West Ave Acquisition Corp. (NASDAQ:EWAVU) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 924 shares, a growth of 176.6% from the September 15th total of 334 shares. Based on an average daily volume of 29,904 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

East West Ave Acquisition Stock Down 0.3%

Shares of East West Ave Acquisition stock traded down $0.03 on Tuesday, hitting $10.02. The company’s stock had a trading volume of 200 shares, compared to its average volume of 64,933. East West Ave Acquisition has a 1 year low of $9.91 and a 1 year high of $10.40. The firm’s fifty day moving average is $10.01.

Insider Buying and Selling at East West Ave Acquisition

In other East West Ave Acquisition news, insider Space Summit Capital Llc sold 90,469 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $9.94, for a total transaction of $899,261.86. Following the completion of the sale, the insider directly owned 996,531 shares of the company’s stock, valued at approximately $9,905,518.14. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

East West Ave Acquisition Company Profile

We are a newly organized blank check company formed as a Nevada corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Throughout this prospectus we will refer to this as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.