Cayson Acquisition Corp (NASDAQ:CAPNR) Stock Short Interest Rises 316.1%

Cayson Acquisition Corp (NASDAQ:CAPNR – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 17,917 shares, an increase of 316.1% from the August 31st total of 4,306 shares. Based on an average daily volume of 6,534 shares, the days-to-cover ratio is currently 2.7 days.

Cayson Acquisition Price Performance

NASDAQ:CAPNR opened at $0.07 on Friday. Cayson Acquisition has a 52-week low of $0.07 and a 52-week high of $0.43. The stock has a fifty day moving average of $0.17 and a 200 day moving average of $0.20.

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Cayson Acquisition Corp. is a Delaware-incorporated special purpose acquisition company (SPAC) formed on March 30, 2021. The company completed its initial public offering on the Nasdaq under the ticker CAPNR, raising capital to pursue business combinations with one or more operating companies. As a blank-check vehicle, Cayson Acquisition does not engage in traditional commercial operations until it identifies and consummates a qualifying merger, share exchange, asset acquisition or other similar business combination.

The company’s stated investment focus centers on businesses operating within the “blue economy,” including maritime transportation, port infrastructure, water treatment, environmental sustainability and related sectors.

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