Short Interest in EG Acquisition Corp. (NYSE:EGGF) Rises By 414.3%

EG Acquisition Corp. (NYSE:EGGFGet Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 3,600 shares, an increase of 414.3% from the April 30th total of 700 shares. Based on an average daily trading volume, of 100,700 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

EG Acquisition Trading Up 0.3 %

EG Acquisition stock traded up $0.03 during mid-day trading on Friday, reaching $10.29. The company had a trading volume of 8,067 shares, compared to its average volume of 141,268. The stock’s 50-day simple moving average is $10.20 and its 200-day simple moving average is $10.07. EG Acquisition has a 1 year low of $9.69 and a 1 year high of $10.29.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. CSS LLC IL acquired a new stake in EG Acquisition during the fourth quarter worth approximately $101,000. Flow Traders U.S. LLC acquired a new position in shares of EG Acquisition in the 1st quarter valued at $116,000. Exos TFP Holdings LLC acquired a new position in shares of EG Acquisition during the 4th quarter valued at $139,000. Basso Capital Management L.P. acquired a new position in shares of EG Acquisition during the 1st quarter valued at $487,000. Finally, Cantor Fitzgerald L. P. lifted its holdings in shares of EG Acquisition by 99.0% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 205,393 shares of the company’s stock valued at $2,009,000 after acquiring an additional 102,193 shares in the last quarter. 63.29% of the stock is owned by hedge funds and other institutional investors.

About EG Acquisition

(Get Rating)

EG Acquisition Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

Featured Stories

Receive News & Ratings for EG Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EG Acquisition and related companies with's FREE daily email newsletter.