Short Interest in ESH Acquisition Corp. (NASDAQ:ESHA) Rises By 53.6%

Posted by Donald Scott on Jul 29th, 2024

ESH Acquisition Corp. (NASDAQ:ESHA – Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,300 shares, a growth of 53.6% from the June 30th total of 2,800 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

ESH Acquisition Stock Performance

Shares of ESHA stock opened at $10.49 on Monday. ESH Acquisition has a 12-month low of $10.05 and a 12-month high of $10.55. The firm’s 50 day moving average is $10.44 and its 200 day moving average is $10.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Condor Capital Management raised its position in ESH Acquisition by 22.4% in the fourth quarter. Condor Capital Management now owns 17,149 shares of the company’s stock worth $175,000 after acquiring an additional 3,139 shares during the period. Tidal Investments LLC raised its position in ESH Acquisition by 10.7% in the first quarter. Tidal Investments LLC now owns 40,234 shares of the company’s stock worth $417,000 after acquiring an additional 3,880 shares during the period. Tuttle Capital Management LLC raised its position in ESH Acquisition by 11.1% in the first quarter. Tuttle Capital Management LLC now owns 50,000 shares of the company’s stock worth $518,000 after acquiring an additional 5,000 shares during the period. Robinson Capital Management LLC raised its position in ESH Acquisition by 8.1% in the first quarter. Robinson Capital Management LLC now owns 51,873 shares of the company’s stock worth $538,000 after acquiring an additional 3,880 shares during the period. Finally, Cowen AND Company LLC raised its position in ESH Acquisition by 598.2% in the fourth quarter. Cowen AND Company LLC now owns 138,534 shares of the company’s stock worth $1,420,000 after acquiring an additional 118,692 shares during the period. 96.64% of the stock is currently owned by institutional investors.

ESH Acquisition Company Profile

(Get Free Report)

ESH 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 operating businesses or assets in the sports, hospitality, and music and entertainment sectors.