Dynamix Corp III (NASDAQ:DNMX) Stock Short Interest Report for September

Dynamix Corp III (NASDAQ:DNMX) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 4,818 shares, a drop of 37.2% from the September 15th total of 7,677 shares. Based on an average daily trading volume, of 63,831 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. ABC Arbitrage SA bought a new stake in shares of Dynamix Corp III in the first quarter valued at approximately $198,000. Gritstone Asset Management LLC bought a new position in Dynamix Corp III during the first quarter worth $496,000. Rivernorth Capital Management LLC bought a new position in Dynamix Corp III during the first quarter worth $744,000. Virtu Financial LLC acquired a new position in Dynamix Corp III during the 4th quarter valued at $1,086,000. Finally, Governors Lane LP acquired a new position in Dynamix Corp III during the 4th quarter valued at $1,484,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Dynamix Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Dynamix Corp III Stock Performance

NASDAQ DNMX opened at $10.12 on Friday. Dynamix Corp III has a twelve month low of $9.87 and a twelve month high of $10.11. The stock has a market capitalization of $236.13 million and a PE ratio of 337.33. The stock has a 50-day simple moving average of $10.07 and a 200 day simple moving average of $10.02.

Dynamix Corp III (NASDAQ:DNMX) last announced its earnings results on Thursday, August 13th. The company reported $0.04 earnings per share 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.