Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 8,381 shares, a decline of 37.9% from the September 15th total of 13,496 shares. Based on an average daily volume of 34,411 shares, the days-to-cover ratio is presently 0.2 days.
Columbus Acquisition Corp/Cayman Islands Stock Performance
Shares of COLA stock remained flat at $2.86 during mid-day trading on Friday. Columbus Acquisition Corp/Cayman Islands has a 1-year low of $2.79 and a 1-year high of $12.95. The firm has a 50-day moving average of $8.82 and a two-hundred day moving average of $10.01.
Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 EPS for the quarter.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Columbus Acquisition Corp/Cayman Islands has an average rating of “Sell”.
View Our Latest Stock Analysis on COLA
Institutional Trading of Columbus Acquisition Corp/Cayman Islands
A hedge fund recently bought a new position in Columbus Acquisition Corp/Cayman Islands stock. Citadel Advisors LLC purchased a new position in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,545 shares of the company’s stock, valued at approximately $144,000.
About Columbus Acquisition Corp/Cayman Islands
Columbus Acquisition Corp. is a Cayman Islands–incorporated special purpose acquisition company, or SPAC. The company was formed to identify and combine with one or more businesses through a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar transaction.
Unlike an operating company, Columbus Acquisition Corp. does not primarily develop, manufacture, or sell products and services. Its activities are focused on evaluating potential acquisition targets and completing an initial business combination.
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