Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLAU) Sees Significant Increase in Short Interest

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLAU) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 385 shares. Based on an average trading volume of 165 shares, the days-to-cover ratio is presently 2.3 days.

Columbus Acquisition Corp/Cayman Islands Stock Down 6.3%

NASDAQ:COLAU traded down $0.68 during trading hours on Wednesday, hitting $10.12. 6,900 shares of the company’s stock traded hands, compared to its average volume of 757. The stock’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.97. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $9.91 and a twelve month high of $13.70.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp. is a Cayman Islands–incorporated special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction, with one or more businesses.

Unlike an operating company, Columbus Acquisition Corp. does not offer its own products or services and generally has no established commercial operations. Its activities are focused on raising capital through a public offering, evaluating potential acquisition opportunities, and seeking shareholder approval for a proposed transaction.

The company’s units trade on the Nasdaq under the symbol COLAU.