EQV Ventures Acquisition Corp. II (NYSE:EVAC) Sees Large Drop in Short Interest

Key Points

• Short interest plunged 88.3% to 413 shares as of September 30, down from 3,523 shares two weeks earlier. Short interest represented 0.0% of outstanding shares, with a short-interest ratio of 0.0 days.
• Bank of America established a new position of 18,944 shares, valued at approximately $191,000, according to its latest SEC filing.
• EVAC traded near $10.31 and has an average analyst rating of “Sell”; Weiss Ratings recently upgraded its assessment slightly from “sell (d-)” to “sell (d).”

EQV Ventures Acquisition Corp. II (NYSE:EVAC - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 413 shares, a drop of 88.3% from the September 15th total of 3,523 shares. Based on an average trading volume of 204,114 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On EQV Ventures Acquisition Corp. II

A hedge fund recently bought a new stake in EQV Ventures Acquisition Corp. II stock. Bank of America Corp DE bought a new stake in shares of EQV Ventures Acquisition Corp. II (NYSE:EVAC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,944 shares of the company's stock, valued at approximately $191,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of EQV Ventures Acquisition Corp. II from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, EQV Ventures Acquisition Corp. II currently has an average rating of "Sell".

EQV Ventures Acquisition Corp. II Stock Performance

EVAC traded down $0.01 during trading on Friday, hitting $10.31. 50,446 shares of the company traded hands, compared to its average volume of 194,347. The stock has a 50-day moving average price of $10.29. EQV Ventures Acquisition Corp. II has a 1 year low of $9.94 and a 1 year high of $10.33. The company has a market cap of $602.91 million, a P/E ratio of 73.68 and a beta of 0.03.

EQV Ventures Acquisition Corp. II (NYSE:EVAC - Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.07 EPS for the quarter.

EQV Ventures Acquisition Corp. II Company Profile

EQV Ventures Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with an operating company. Its potential transactions may include a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar combination.

As a blank-check company, EQV Ventures Acquisition Corp. II does not conduct traditional operating activities and does not currently offer products or services of its own. Its principal purpose is to raise capital and evaluate potential target businesses for a qualifying transaction.

The company's business activities and geographic focus may change if it completes a business combination.

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