Kairous Acquisition Corp. Limited (NASDAQ:KACL) Sees Significant Growth in Short Interest

Kairous Acquisition Corp. Limited (NASDAQ:KACL) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, a growth of 150.0% from the August 15th total of 800 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 5.0 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Kairous Acquisition

Several hedge funds have recently modified their holdings of the company. Mizuho Securities USA LLC increased its holdings in Kairous Acquisition by 5.0% in the 4th quarter. Mizuho Securities USA LLC now owns 264,746 shares of the company’s stock worth $3,018,000 after purchasing an additional 12,545 shares in the last quarter. Berkley W R Corp bought a new stake in shares of Kairous Acquisition during the first quarter worth about $1,747,000. Finally, Clear Street LLC acquired a new position in shares of Kairous Acquisition in the second quarter valued at approximately $67,000. Institutional investors and hedge funds own 36.35% of the company’s stock.

Kairous Acquisition Stock Performance

Shares of NASDAQ KACL remained flat at $12.20 during midday trading on Friday. 34 shares of the company’s stock were exchanged, compared to its average volume of 288. The company’s 50 day moving average price is $12.12 and its 200-day moving average price is $11.93. Kairous Acquisition has a 12-month low of $11.10 and a 12-month high of $12.83.

Kairous Acquisition Company Profile

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.