Short Interest in Emmis Acquisition Corp. (NASDAQ:EMISR) Grows By 269.2%

Emmis Acquisition Corp. (NASDAQ:EMISR – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 480 shares, an increase of 269.2% from the May 14th total of 130 shares. Based on an average daily volume of 36,327 shares, the days-to-cover ratio is presently 0.0 days.

Emmis Acquisition Trading Down 10.7%

NASDAQ EMISR traded down $0.02 during trading hours on Friday, hitting $0.13. Emmis Acquisition has a 1-year low of $0.10 and a 1-year high of $0.19. The stock’s 50 day moving average is $0.14.

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About Emmis Acquisition

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We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus 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.

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