Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLAU) Stock Price Up 4% – What’s Next?

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLAU)’s share price rose 4% during mid-day trading on Thursday . The company traded as high as $13.50 and last traded at $12.90. Approximately 400 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 950 shares. The stock had previously closed at $12.40.

Columbus Acquisition Corp/Cayman Islands Stock Performance

The company has a 50 day moving average price of $11.20 and a 200 day moving average price of $10.82.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Columbus Acquisition Corp/Cayman Islands stock. Clear Street Group Inc. increased its holdings in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLAU) by 201.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,420 shares of the company’s stock after buying an additional 2,285 shares during the period. Clear Street Group Inc.’s holdings in Columbus Acquisition Corp/Cayman Islands were worth $37,000 as of its most recent SEC filing.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands is an exempted company incorporated under the laws of the Cayman Islands as a special purpose acquisition company (SPAC). The company was formed to raise capital in public markets through its NASDAQ listing (COLAU) and to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization or other similar business combination with one or more businesses.

As a blank‐check vehicle, Columbus Acquisition Corp has no operations or revenues of its own and holds the proceeds of its initial public offering in a trust account pending the identification and completion of an approved business combination.