Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,492 shares, a decline of 90.8% from the May 31st total of 16,134 shares. Based on an average trading volume of 49,584 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Trading of Columbus Acquisition Corp/Cayman Islands
A number of hedge funds have recently made changes to their positions in the business. HRT Financial LP acquired a new position in Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at $172,000. Clear Street Group Inc. boosted its position in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after acquiring an additional 71,844 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $1,039,000. Rivernorth Capital Management LLC grew its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after acquiring an additional 102,256 shares in the last quarter. Finally, Meteora Capital LLC acquired a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $4,632,000.
Columbus Acquisition Corp/Cayman Islands Stock Performance
NASDAQ COLA traded up $0.01 during trading hours on Thursday, hitting $10.63. 36,269 shares of the company traded hands, compared to its average volume of 38,456. The stock has a 50-day simple moving average of $10.69. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $10.13 and a twelve month high of $11.15.
About Columbus Acquisition Corp/Cayman Islands
Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.
The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.
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