ESH Acquisition Corp. (NASDAQ:ESHA) Sees Large Decline in Short Interest

ESH Acquisition Corp. (NASDAQ:ESHA) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 5,500 shares, a drop of 16.7% from the November 30th total of 6,600 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 72,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On ESH Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of ESHA. Cowen AND Company LLC raised its stake in shares of ESH Acquisition by 75.4% during the 2nd quarter. Cowen AND Company LLC now owns 159,341 shares of the company’s stock worth $1,660,000 after buying an additional 68,502 shares during the last quarter. Warberg Asset Management LLC increased its holdings in ESH Acquisition by 2.9% during the 2nd quarter. Warberg Asset Management LLC now owns 38,700 shares of the company’s stock valued at $403,000 after acquiring an additional 1,096 shares in the last quarter. Berkley W R Corp raised its position in ESH Acquisition by 4.4% during the second quarter. Berkley W R Corp now owns 72,250 shares of the company’s stock worth $754,000 after acquiring an additional 3,013 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of ESH Acquisition in the third quarter valued at about $3,368,000. Finally, Mizuho Securities USA LLC grew its position in shares of ESH Acquisition by 94.6% in the third quarter. Mizuho Securities USA LLC now owns 509,286 shares of the company’s stock valued at $5,378,000 after purchasing an additional 247,521 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

ESH Acquisition Trading Down 4.3 %

ESH Acquisition stock traded down $0.48 during mid-day trading on Friday, reaching $10.77. The company had a trading volume of 1,717 shares, compared to its average volume of 52,231. The stock’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $10.62. ESH Acquisition has a 1 year low of $10.23 and a 1 year high of $11.88.

About ESH Acquisition

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.