Dynamix Corp III (NASDAQ:DNMX) Short Interest Up 154.5% in July

Dynamix Corp III (NASDAQ:DNMX) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,263 shares, an increase of 154.5% from the July 15th total of 2,068 shares. Based on an average trading volume of 7,491 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Dynamix Corp III in a report on Monday, June 8th. They issued a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dynamix Corp III currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Dynamix Corp III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Dynamix Corp III during the 4th quarter worth $2,967,000. Mint Tower Capital Management B.V. acquired a new stake in Dynamix Corp III in the 4th quarter valued at about $989,000. Sona Asset Management US LLC purchased a new position in shares of Dynamix Corp III in the 1st quarter valued at about $3,889,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Dynamix Corp III in the 1st quarter valued at about $5,952,000. Finally, Gritstone Asset Management LLC acquired a new position in shares of Dynamix Corp III during the first quarter worth about $496,000.

Dynamix Corp III Stock Up 0.0%

NASDAQ DNMX traded up $0.01 during trading on Friday, hitting $10.04. The stock had a trading volume of 4,117 shares, compared to its average volume of 6,276. The company has a market capitalization of $234.38 million and a PE ratio of -1,004.50. The firm has a 50 day moving average price of $10.02 and a 200 day moving average price of $9.98. Dynamix Corp III has a twelve month low of $9.87 and a twelve month high of $10.04.

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

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.