Dynamix Corp III (NASDAQ:DNMXW) Short Interest Down 59.4% in June

Dynamix Corp III (NASDAQ:DNMXW) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,005 shares, a drop of 59.4% from the June 15th total of 22,169 shares. Based on an average daily volume of 16,033 shares, the days-to-cover ratio is currently 0.6 days.

Dynamix Corp III Trading Down 11.0%

DNMXW traded down $0.03 during mid-day trading on Tuesday, reaching $0.27. 2,500 shares of the company traded hands, compared to its average volume of 29,179. The stock’s fifty day moving average is $0.31. Dynamix Corp III has a 52-week low of $0.25 and a 52-week high of $0.45.

Institutional Trading of Dynamix Corp III

A number of hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. bought a new position in Dynamix Corp III in the fourth quarter valued at about $60,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Dynamix Corp III during the 4th quarter valued at about $63,000. Clear Street Group Inc. bought a new stake in shares of Dynamix Corp III during the 4th quarter valued at about $72,000. Periscope Capital Inc. purchased a new stake in shares of Dynamix Corp III during the 4th quarter valued at about $99,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Dynamix Corp III during the 4th quarter valued at about $55,000.

Dynamix Corp III Company Profile

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.