Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Update

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,894 shares, an increase of 1,733.0% from the August 15th total of 267 shares. Based on an average daily volume of 20,363 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. Wall Street Zen downgraded shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Trading Up 27.8%

Shares of COLA traded up $2.31 during mid-day trading on Friday, reaching $10.61. The company had a trading volume of 90,394 shares, compared to its average volume of 33,447. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $8.02 and a twelve month high of $11.15. The company’s 50-day moving average is $10.60 and its 200-day moving average is $10.61.

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

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

Several large investors have recently made changes to their positions in the company. Clear Street Group Inc. lifted its holdings in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after purchasing an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd bought a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $1,039,000. Citadel Advisors LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands during the second quarter worth about $144,000. HRT Financial LP acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth approximately $172,000. Finally, Rivernorth Capital Management LLC raised its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after acquiring an additional 102,256 shares during the last quarter.

Columbus Acquisition Corp/Cayman Islands Company Profile

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.