CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) Short Interest Down 53.2% in April

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYNGet Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 534 shares, a decline of 53.2% from the April 15th total of 1,142 shares. Based on an average daily trading volume, of 10,090 shares, the short-interest ratio is presently 0.1 days.

CSLM Digital Asset Acquisition Corp III Stock Up 0.1%

KOYN stock traded up $0.01 during midday trading on Friday, hitting $10.12. The stock had a trading volume of 4,550 shares, compared to its average volume of 54,721. The stock’s 50-day moving average price is $10.07. CSLM Digital Asset Acquisition Corp III has a 52-week low of $9.85 and a 52-week high of $10.12.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYNGet Free Report) last released its earnings results on Thursday, March 19th. The company reported ($1.09) EPS for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KOYN. Wall Street Zen raised CSLM Digital Asset Acquisition Corp III to a “hold” rating in a research note on Tuesday, January 27th. Weiss Ratings began coverage on CSLM Digital Asset Acquisition Corp III in a research note on Monday, January 26th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CSLM Digital Asset Acquisition Corp III currently has an average rating of “Sell”.

View Our Latest Research Report on CSLM Digital Asset Acquisition Corp III

Institutional Investors Weigh In On CSLM Digital Asset Acquisition Corp III

Hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $3,060,000. Wealthspring Capital LLC bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $6,027,000. ABC Arbitrage SA bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $398,000. Arax Advisory Partners bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $29,000. Finally, Virtu Financial LLC boosted its holdings in CSLM Digital Asset Acquisition Corp III by 469.6% in the fourth quarter. Virtu Financial LLC now owns 122,326 shares of the company’s stock worth $1,217,000 after acquiring an additional 100,852 shares in the last quarter.

About CSLM Digital Asset Acquisition Corp III

(Get Free Report)

CSLM Digital Asset Acquisition Corp III (NASDAQ: KOYN) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses in the digital asset and blockchain-related sectors. As a blank‑check vehicle, the company’s primary activity is to raise capital through its initial public offering and hold those proceeds in trust while it pursues a business combination that would result in an operating company focused on digital assets, crypto infrastructure, or related financial technology services.

Prior to completing a business combination, CSLM Digital Asset Acquisition Corp III does not operate a commercial business; its operations are limited to searching for suitable targets, conducting due diligence, negotiating transaction terms and preparing for a potential merger or acquisition.

Recommended Stories

Receive News & Ratings for CSLM Digital Asset Acquisition Corp III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSLM Digital Asset Acquisition Corp III and related companies with MarketBeat.com's FREE daily email newsletter.