Karbon Capital Partners Corp. (NASDAQ:KBON) Short Interest Down 62.5% in July

Karbon Capital Partners Corp. (NASDAQ:KBON) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,621 shares, a decrease of 62.5% from the July 15th total of 12,312 shares. Based on an average daily trading volume, of 20,520 shares, the short-interest ratio is presently 0.2 days.

Karbon Capital Partners Trading Up 0.2%

NASDAQ:KBON opened at $10.12 on Friday. Karbon Capital Partners has a 1-year low of $10.02 and a 1-year high of $10.15. The firm has a 50-day moving average of $10.10.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Karbon Capital Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Karbon Capital Partners presently has an average rating of “Sell”.

Karbon Capital Partners Company Profile

We are a newly organized blank check company incorporated as a Cayman Islands exempted company 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 as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. 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.