Short Interest in Dynamix Corp III (NASDAQ:DNMX) Increases By 154.5%

Dynamix Corp III (NASDAQ:DNMX) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,263 shares, an increase of 154.5% from the July 15th total of 2,068 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,491 shares, the short-interest ratio is currently 0.7 days.

Dynamix Corp III Stock Up 0.0%

Shares of NASDAQ:DNMX opened at $10.04 on Friday. Dynamix Corp III has a 12 month low of $9.87 and a 12 month high of $10.04. The company’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $9.98. The firm has a market cap of $234.35 million and a P/E ratio of -1,004.50.

Dynamix Corp III (NASDAQ:DNMX) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Dynamix Corp III in a research report on Monday, June 8th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Dynamix Corp III presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. ABC Arbitrage SA acquired a new position in Dynamix Corp III during the 1st quarter worth $198,000. Boothbay Fund Management LLC acquired a new stake in shares of Dynamix Corp III in the 4th quarter valued at $494,000. Bulldog Investors LLP bought a new stake in shares of Dynamix Corp III during the fourth quarter worth $494,000. Gritstone Asset Management LLC bought a new stake in shares of Dynamix Corp III during the first quarter worth $496,000. Finally, Rivernorth Capital Management LLC acquired a new position in shares of Dynamix Corp III during the first quarter valued at $744,000.

Dynamix Corp III Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed 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 throughout this prospectus as our initial business combination. 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.