Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Update

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,492 shares, a drop of 90.8% from the May 31st total of 16,134 shares. Based on an average daily trading volume, of 49,584 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

A number of institutional investors have recently made changes to their positions in the stock. HRT Financial LP purchased a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at approximately $172,000. Clear Street Group Inc. increased its stake in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after purchasing an additional 71,844 shares during the period. L1 Global Manager Pty Ltd purchased a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $1,039,000. Rivernorth Capital Management LLC lifted its position in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after purchasing an additional 102,256 shares in the last quarter. Finally, Meteora Capital LLC purchased a new position in Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at approximately $4,632,000.

Columbus Acquisition Corp/Cayman Islands Trading Up 0.6%

Columbus Acquisition Corp/Cayman Islands stock traded up $0.07 during midday trading on Friday, hitting $10.70. 10,314 shares of the stock were exchanged, compared to its average volume of 38,185. The stock’s 50-day moving average price is $10.70. Columbus Acquisition Corp/Cayman Islands has a fifty-two week low of $10.13 and a fifty-two week high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.