Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Update

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 267 shares, a decrease of 40.3% from the July 30th total of 447 shares. Based on an average daily volume of 1,897 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth approximately $172,000. L1 Global Manager Pty Ltd acquired a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at approximately $1,039,000. Harraden Circle Investments LLC bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth approximately $5,794,000. Clear Street Group Inc. lifted its holdings in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after purchasing an additional 71,844 shares during the last quarter. Finally, Meteora Capital LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth approximately $4,632,000.

Analyst Ratings Changes

A number of brokerages recently commented on COLA. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Monday, June 29th. Wall Street Zen lowered shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.1%

Shares of NASDAQ:COLA traded down $0.01 during midday trading on Wednesday, hitting $10.64. The company had a trading volume of 1,456 shares, compared to its average volume of 31,918. Columbus Acquisition Corp/Cayman Islands has a 12 month low of $10.20 and a 12 month high of $11.15. The firm has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $10.63.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.