Karbon Capital Partners Corp. (NASDAQ:KBON) Sees Large Decline in Short Interest

Karbon Capital Partners Corp. (NASDAQ:KBON) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 14 shares, a drop of 91.6% from the September 15th total of 166 shares. Based on an average daily volume of 60,729 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Karbon Capital Partners in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Karbon Capital Partners presently has a consensus rating of “Sell”.

Karbon Capital Partners Stock Down 0.1%

NASDAQ:KBON traded down $0.01 during mid-day trading on Friday, reaching $10.11. The company’s stock had a trading volume of 90,540 shares, compared to its average volume of 75,663. Karbon Capital Partners has a 1 year low of $10.02 and a 1 year high of $10.15. The stock has a fifty day moving average of $10.11 and a 200-day moving average of $10.09.

Karbon Capital Partners Company Profile

We are a newly organized blank check company incorporated as a Cayman Islands exempted company 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 as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. 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.