Short Interest in Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Increases By 1,931.6%

Cantor Equity Partners III, Inc. (NASDAQ:CAEP) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,905 shares, an increase of 1,931.6% from the April 30th total of 586 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 411,589 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Cantor Equity Partners III from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Cantor Equity Partners III Price Performance

CAEP traded down $0.23 during midday trading on Wednesday, reaching $14.77. 20,409 shares of the company were exchanged, compared to its average volume of 452,389. Cantor Equity Partners III has a one year low of $10.13 and a one year high of $15.30. The stock’s 50-day simple moving average is $11.21 and its 200 day simple moving average is $10.57.

Cantor Equity Partners III (NASDAQ:CAEP) last issued its earnings results on Monday, March 16th. The company reported $0.01 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Cantor Equity Partners III

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meteora Capital LLC boosted its holdings in Cantor Equity Partners III by 91.7% during the fourth quarter. Meteora Capital LLC now owns 2,783,768 shares of the company’s stock worth $28,394,000 after buying an additional 1,331,485 shares during the last quarter. Berkley W R Corp boosted its holdings in Cantor Equity Partners III by 111.7% during the first quarter. Berkley W R Corp now owns 2,229,948 shares of the company’s stock worth $22,991,000 after buying an additional 1,176,710 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Cantor Equity Partners III by 100.7% during the fourth quarter. Toronto Dominion Bank now owns 2,014,227 shares of the company’s stock worth $20,545,000 after buying an additional 1,010,395 shares during the last quarter. Harraden Circle Investments LLC raised its position in shares of Cantor Equity Partners III by 46.7% during the third quarter. Harraden Circle Investments LLC now owns 2,004,067 shares of the company’s stock worth $20,682,000 after purchasing an additional 638,082 shares during the period. Finally, First Trust Capital Management L.P. lifted its holdings in shares of Cantor Equity Partners III by 1,113.6% during the 4th quarter. First Trust Capital Management L.P. now owns 1,213,649 shares of the company’s stock valued at $12,379,000 after purchasing an additional 1,113,649 shares in the last quarter.

Cantor Equity Partners III Company Profile

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.