Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Sees Significant Decrease in Short Interest

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 8,381 shares, a decline of 37.9% from the September 15th total of 13,496 shares. Based on an average daily trading volume, of 34,411 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

An institutional investor recently bought a new position in Columbus Acquisition Corp/Cayman Islands stock. Citadel Advisors LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,545 shares of the company’s stock, valued at approximately $144,000.

Wall Street Analyst Weigh In

COLA has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Performance

Shares of NASDAQ COLA remained flat at $2.86 during mid-day trading on Friday. Columbus Acquisition Corp/Cayman Islands has a 1 year low of $2.79 and a 1 year high of $12.95. The stock’s 50-day moving average is $8.66 and its 200 day moving average is $9.96.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last released its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share for the quarter.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp. is a Cayman Islands–incorporated blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Columbus Acquisition Corp. does not have established commercial products or services of its own. Its activities primarily involve identifying and evaluating potential acquisition targets and completing a business combination.