Cantor Equity Partners, Inc. (NASDAQ:CEPO) Short Interest Up 249.4% in June

Cantor Equity Partners, Inc. (NASDAQ:CEPOGet Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 211,008 shares, an increase of 249.4% from the May 31st total of 60,395 shares. Based on an average daily trading volume, of 46,720 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Cantor Equity Partners to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings upgraded Cantor Equity Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

View Our Latest Stock Report on CEPO

Cantor Equity Partners Stock Performance

Shares of NASDAQ CEPO traded down $0.07 during trading on Monday, reaching $10.45. The stock had a trading volume of 55,835 shares, compared to its average volume of 60,362. The business’s 50-day moving average price is $10.58 and its 200-day moving average price is $10.51. Cantor Equity Partners has a fifty-two week low of $8.22 and a fifty-two week high of $16.50. The company has a market cap of $266.47 million, a P/E ratio of -22.23 and a beta of -0.09.

Hedge Funds Weigh In On Cantor Equity Partners

Hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in shares of Cantor Equity Partners during the first quarter worth $4,085,000. JPMorgan Chase & Co. acquired a new stake in shares of Cantor Equity Partners during the second quarter valued at $295,000. Marshall Wace LLP purchased a new position in shares of Cantor Equity Partners during the 2nd quarter worth $953,000. Qube Research & Technologies Ltd acquired a new stake in Cantor Equity Partners in the 2nd quarter worth about $155,000. Finally, Jane Street Group LLC acquired a new position in shares of Cantor Equity Partners during the 2nd quarter valued at about $3,859,000.

About Cantor Equity Partners

(Get Free Report)

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.

Read More

Receive News & Ratings for Cantor Equity Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantor Equity Partners and related companies with MarketBeat.com's FREE daily email newsletter.