Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Up 131.5% in October

Dynamix Corp III (NASDAQ:DNMX – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,153 shares, an increase of 131.5% from the September 30th total of 4,818 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 52,433 shares, the days-to-cover ratio is presently 0.2 days.

Dynamix Corp III Stock Down 0.1%

Shares of DNMX stock traded down $0.01 during mid-day trading on Friday, reaching $10.10. 513 shares of the company’s stock traded hands, compared to its average volume of 51,180. The company’s 50-day moving average price is $10.08 and its 200-day moving average price is $10.01. The company has a market cap of $235.66 million and a P/E ratio of 336.67. Dynamix Corp III has a 12 month low of $9.87 and a 12 month high of $10.15.

Dynamix Corp III (NASDAQ:DNMX – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Dynamix Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on DNMX

Hedge Funds Weigh In On Dynamix Corp III

Several large investors have recently made changes to their positions in DNMX. ABC Arbitrage SA purchased a new stake in shares of Dynamix Corp III in the 1st quarter worth approximately $198,000. Gritstone Asset Management LLC purchased a new position in Dynamix Corp III during the first quarter valued at $496,000. Rivernorth Capital Management LLC purchased a new position in Dynamix Corp III during the first quarter valued at $744,000. Sona Asset Management US LLC bought a new stake in Dynamix Corp III in the first quarter worth $3,889,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Dynamix Corp III in the first quarter worth $5,952,000.

Dynamix Corp III Company Profile

(Get Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company and formed 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 throughout this prospectus as our initial business combination. 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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