Karbon Capital Partners Corp. (NASDAQ:KBON – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 166 shares, a drop of 60.5% from the August 31st total of 420 shares. Based on an average daily trading volume, of 50,984 shares, the short-interest ratio is currently 0.0 days.
Karbon Capital Partners Price Performance
KBON traded up $0.04 during trading on Monday, hitting $10.11. 3,700 shares of the company traded hands, compared to its average volume of 75,215. Karbon Capital Partners has a one year low of $10.02 and a one year high of $10.15. The stock’s fifty day moving average is $10.10 and its 200 day moving average is $10.09.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Karbon Capital Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Karbon Capital Partners presently has a consensus rating of “Sell”.
Karbon Capital Partners Company Profile
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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