Cantor Equity Partners, Inc. (NASDAQ:CEPO) Short Interest Up 391.9% in May

Cantor Equity Partners, Inc. (NASDAQ:CEPO) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 60,395 shares, a growth of 391.9% from the May 14th total of 12,278 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 60,652 shares, the short-interest ratio is currently 1.0 days.

Cantor Equity Partners Price Performance

Shares of CEPO traded down $0.01 during mid-day trading on Friday, reaching $10.62. The company’s stock had a trading volume of 22,840 shares, compared to its average volume of 51,479. Cantor Equity Partners has a 12-month low of $10.27 and a 12-month high of $16.50. The stock has a market cap of $270.81 million, a PE ratio of -22.60 and a beta of -0.09. The company’s 50 day moving average is $10.59 and its 200 day moving average is $10.50.

Institutional Trading of Cantor Equity Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. Lineage Point Capital LP acquired a new position in Cantor Equity Partners during the fourth quarter worth $124,000. Radcliffe Capital Management L.P. purchased a new position in Cantor Equity Partners during the third quarter worth $136,000. Qube Research & Technologies Ltd purchased a new position in Cantor Equity Partners during the second quarter worth $155,000. Clear Street Group Inc. purchased a new position in Cantor Equity Partners during the third quarter worth $157,000. Finally, Prelude Capital Management LLC purchased a new position in Cantor Equity Partners during the third quarter worth $261,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Cantor Equity Partners from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Wall Street Zen upgraded Cantor Equity Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.

The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.