Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Down 79.0% in June

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 313 shares, a drop of 79.0% from the June 15th total of 1,492 shares. Based on an average daily trading volume, of 19,195 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HRT Financial LP bought a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at about $172,000. Clear Street Group Inc. increased its stake 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 worth $810,000 after purchasing an additional 71,844 shares during the period. L1 Global Manager Pty Ltd acquired a new position in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth about $1,039,000. Rivernorth Capital Management LLC lifted its position in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after purchasing an additional 102,256 shares during the last quarter. Finally, Meteora Capital LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at approximately $4,632,000.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.4%

Shares of NASDAQ:COLA traded down $0.04 during trading on Monday, reaching $10.65. The stock had a trading volume of 444 shares, compared to its average volume of 36,172. Columbus Acquisition Corp/Cayman Islands has a 52 week low of $10.14 and a 52 week high of $11.15. The firm’s fifty day moving average is $10.72.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

Columbus Acquisition Corp/Cayman Islands Company Profile

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.