Short Interest in Karbon Capital Partners Corp. (NASDAQ:KBON) Drops By 62.5%

Karbon Capital Partners Corp. (NASDAQ:KBON – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 4,621 shares, a decline of 62.5% from the July 15th total of 12,312 shares. Based on an average daily volume of 20,520 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Karbon Capital Partners from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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Karbon Capital Partners Stock Up 0.2%

NASDAQ KBON traded up $0.02 during mid-day trading on Friday, reaching $10.12. 208,431 shares of the company’s stock traded hands, compared to its average volume of 74,532. Karbon Capital Partners has a 1-year low of $10.02 and a 1-year high of $10.15. The firm’s fifty day simple moving average is $10.10.

Karbon Capital Partners Company Profile

(Get Free Report)

We are a newly organized blank check company incorporated as a Cayman Islands exempted company 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 as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. 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.

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