Dynamix Corp III (NASDAQ:DNMX) Short Interest Up 102.9% in April

Dynamix Corp III (NASDAQ:DNMX) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,555 shares, an increase of 102.9% from the April 15th total of 1,259 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 13,506 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Dynamix Corp III

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ABC Arbitrage SA purchased a new position in Dynamix Corp III during the first quarter valued at $198,000. Gritstone Asset Management LLC purchased a new position in Dynamix Corp III during the first quarter valued at $496,000. Boothbay Fund Management LLC purchased a new position in Dynamix Corp III during the fourth quarter valued at $494,000. Bulldog Investors LLP purchased a new position in Dynamix Corp III during the fourth quarter valued at $494,000. Finally, Mint Tower Capital Management B.V. purchased a new position in Dynamix Corp III during the fourth quarter valued at $989,000.

Dynamix Corp III Stock Performance

Shares of DNMX stock traded down $0.01 on Friday, reaching $9.99. The stock had a trading volume of 10,532 shares, compared to its average volume of 9,671. The firm has a market cap of $232.95 million and a PE ratio of 110.94. Dynamix Corp III has a 1 year low of $9.87 and a 1 year high of $9.99. The stock’s 50 day simple moving average is $9.94.

Dynamix Corp III (NASDAQ:DNMX) last released its quarterly earnings results on Friday, March 20th. The company reported $0.07 earnings per share (EPS) for the quarter.

About Dynamix Corp III

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, 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 business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.