Captivision Inc. (NASDAQ:CAPT) Short Interest Down 18.0% in March

Captivision Inc. (NASDAQ:CAPT) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 349,511 shares, a decrease of 18.0% from the February 26th total of 426,289 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 130,549 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Captivision

An institutional investor recently raised its position in Captivision stock. Truepoint Inc. boosted its stake in shares of Captivision Inc. (NASDAQ:CAPT) by 159.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,243 shares of the company’s stock after purchasing an additional 17,972 shares during the period. Truepoint Inc. owned about 0.10% of Captivision worth $27,000 at the end of the most recent quarter.

Captivision Stock Up 4.9%

CAPT traded up $0.02 during trading on Wednesday, hitting $0.41. The company’s stock had a trading volume of 458,600 shares, compared to its average volume of 1,487,687. Captivision has a one year low of $0.30 and a one year high of $1.93. The business’s 50 day simple moving average is $0.50 and its 200-day simple moving average is $0.63.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Captivision to a “hold” rating in a research note on Friday, January 23rd.

Captivision Company Profile

Captivision Inc engages in the development and manufacture of an architectural media glass product called G-Glass which is an IT-enabled construction material capable of transforming buildings into digital media devices. The company was founded on February 24, 2023 and is headquartered in Nailsworth, the United Kingdom.