Cantor Equity Partners, Inc. (NASDAQ:CEPO – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 60,395 shares, an increase of 391.9% from the May 14th total of 12,278 shares. Based on an average daily volume of 60,652 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Trading of Cantor Equity Partners
Institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. acquired a new stake in Cantor Equity Partners during the 3rd quarter worth approximately $2,615,000. BCK Capital Management LP acquired a new stake in Cantor Equity Partners during the 3rd quarter worth approximately $1,261,000. Hudson Bay Capital Management LP acquired a new stake in Cantor Equity Partners during the 3rd quarter worth approximately $52,300,000. FNY Investment Advisers LLC acquired a new stake in Cantor Equity Partners during the 3rd quarter worth approximately $1,066,000. Finally, Cannon Global Investment Management LLC increased its position in Cantor Equity Partners by 14.1% during the 4th quarter. Cannon Global Investment Management LLC now owns 102,500 shares of the company’s stock worth $1,067,000 after purchasing an additional 12,700 shares in the last quarter.
Analysts Set New Price Targets
A number of research firms recently issued reports on CEPO. Wall Street Zen upgraded shares of Cantor Equity Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Cantor Equity Partners from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cantor Equity Partners has a consensus rating of “Sell”.
Cantor Equity Partners Stock Performance
CEPO opened at $10.63 on Thursday. The firm has a 50 day moving average price of $10.58 and a 200 day moving average price of $10.50. The company has a market cap of $271.07 million, a PE ratio of -22.62 and a beta of -0.09. Cantor Equity Partners has a 1 year low of $10.27 and a 1 year high of $16.50.
Cantor Equity Partners Company Profile
Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.
The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.
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