Kairous Acquisition Corp. Limited (NASDAQ:KACL) Short Interest Update

Kairous Acquisition Corp. Limited (NASDAQ:KACL) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, a drop of 23.5% from the March 31st total of 1,700 shares. Based on an average trading volume of 8,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Kairous Acquisition Stock Performance

Kairous Acquisition stock remained flat at $11.66 during mid-day trading on Friday. The firm’s fifty day moving average is $11.69 and its 200 day moving average is $11.54. Kairous Acquisition has a fifty-two week low of $10.67 and a fifty-two week high of $11.92.

Hedge Funds Weigh In On Kairous Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new position in Kairous Acquisition during the 3rd quarter worth $1,409,000. Mizuho Securities USA LLC increased its stake in shares of Kairous Acquisition by 900.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 252,201 shares of the company’s stock valued at $2,837,000 after purchasing an additional 227,001 shares during the last quarter. Finally, Shaolin Capital Management LLC increased its stake in shares of Kairous Acquisition by 250.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock valued at $3,375,000 after purchasing an additional 500,000 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.

Kairous Acquisition Company Profile

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.