Short Interest in Cayson Acquisition Corp (NASDAQ:CAPNR) Declines By 20.1%

Cayson Acquisition Corp (NASDAQ:CAPNR) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 4,185 shares, a decrease of 20.1% from the November 30th total of 5,237 shares. Based on an average daily trading volume, of 2,192 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 2,192 shares, the days-to-cover ratio is presently 1.9 days.

Cayson Acquisition Stock Up 15.5%

NASDAQ:CAPNR opened at $0.23 on Friday. The business’s 50 day moving average is $0.19 and its two-hundred day moving average is $0.18. Cayson Acquisition has a 52 week low of $0.11 and a 52 week high of $0.40.

Cayson Acquisition Corp. is a Delaware-incorporated special purpose acquisition company (SPAC) formed on March 30, 2021. The company completed its initial public offering on the Nasdaq under the ticker CAPNR, raising capital to pursue business combinations with one or more operating companies. As a blank-check vehicle, Cayson Acquisition does not engage in traditional commercial operations until it identifies and consummates a qualifying merger, share exchange, asset acquisition or other similar business combination.

The company’s stated investment focus centers on businesses operating within the “blue economy,” including maritime transportation, port infrastructure, water treatment, environmental sustainability and related sectors.