Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Columbus Acquisition Corp/Cayman Islands presently has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Performance

NASDAQ:COLA opened at $10.69 on Friday. Columbus Acquisition Corp/Cayman Islands has a fifty-two week low of $10.16 and a fifty-two week high of $11.15. The stock’s fifty day moving average is $10.67.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 EPS for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COLA. Rivernorth Capital Management LLC boosted its position in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after buying an additional 102,256 shares in the last quarter. Meteora Capital LLC purchased a new position in Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at about $4,632,000. Clear Street Group Inc. raised its position in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after acquiring an additional 71,844 shares during the last quarter. Harraden Circle Investments LLC acquired a new position in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $5,794,000. Finally, L1 Global Manager Pty Ltd purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $1,039,000.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.