Cayson Acquisition Corp (NASDAQ:CAPN) Stock Short Interest Climbs 99.6%

Cayson Acquisition Corp (NASDAQ:CAPN) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,714 shares, a growth of 99.6% from the August 31st total of 1,360 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 183 shares, the days-to-cover ratio is currently 14.8 days.

Cayson Acquisition Stock Performance

CAPN stock opened at $11.31 on Thursday. The company’s 50 day moving average price is $11.23 and its 200 day moving average price is $11.08. Cayson Acquisition has a fifty-two week low of $10.32 and a fifty-two week high of $11.74.

Cayson Acquisition (NASDAQ:CAPN) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Cayson Acquisition

An institutional investor recently raised its stake in Cayson Acquisition stock. Clear Street Group Inc. increased its position in shares of Cayson Acquisition Corp (NASDAQ:CAPN) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,793 shares of the company’s stock after purchasing an additional 7,601 shares during the period. Clear Street Group Inc. owned 1.38% of Cayson Acquisition worth $1,147,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Cayson Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Cayson Acquisition Company Profile

Cayson Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not conduct significant commercial operations of its own and was established primarily to raise capital through a public offering and pursue a merger, acquisition, stock exchange, or similar transaction.

Because Cayson Acquisition Corp. is a blank-check company, it does not currently offer a defined portfolio of products or services, nor does it operate a specific geographic business platform.