Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Up 131.5% in October

Dynamix Corp III (NASDAQ:DNMX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,153 shares, an increase of 131.5% from the September 30th total of 4,818 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 52,433 shares, the days-to-cover ratio is currently 0.2 days.

Dynamix Corp III Price Performance

Shares of NASDAQ DNMX traded down $0.01 during trading on Friday, reaching $10.10. 513 shares of the stock traded hands, compared to its average volume of 73,089. The stock has a market capitalization of $235.63 million and a P/E ratio of 336.67. Dynamix Corp III has a 52-week low of $9.87 and a 52-week high of $10.15. The company has a 50-day moving average of $10.08 and a 200-day moving average of $10.01.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Dynamix Corp III

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Dynamix Corp III in the 1st quarter worth approximately $5,952,000. Sona Asset Management US LLC purchased a new position in Dynamix Corp III in the 1st quarter valued at approximately $3,889,000. Rivernorth Capital Management LLC purchased a new position in Dynamix Corp III in the 1st quarter valued at approximately $744,000. Gritstone Asset Management LLC purchased a new position in Dynamix Corp III in the 1st quarter valued at approximately $496,000. Finally, ABC Arbitrage SA bought a new stake in Dynamix Corp III during the 1st quarter valued at $198,000.

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.