Short Interest in Cayson Acquisition Corp (NASDAQ:CAPNR) Drops By 20.1%

Cayson Acquisition Corp (NASDAQ:CAPNR) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 4,185 shares, a decline of 20.1% from the November 30th total of 5,237 shares. Based on an average trading volume of 2,192 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 2,192 shares, the short-interest ratio is currently 1.9 days.

Cayson Acquisition Stock Up 3.9%

CAPNR stock traded up $0.01 during trading hours on Wednesday, hitting $0.20. 5,600 shares of the stock were exchanged, compared to its average volume of 21,891. The company has a 50-day simple moving average of $0.19 and a two-hundred day simple moving average of $0.18. Cayson Acquisition has a 12 month low of $0.11 and a 12 month high of $0.40.

Cayson Acquisition Corp. is a Delaware-incorporated special purpose acquisition company (SPAC) formed on March 30, 2021. The company completed its initial public offering on the Nasdaq under the ticker CAPNR, raising capital to pursue business combinations with one or more operating companies. As a blank-check vehicle, Cayson Acquisition does not engage in traditional commercial operations until it identifies and consummates a qualifying merger, share exchange, asset acquisition or other similar business combination.

The company’s stated investment focus centers on businesses operating within the “blue economy,” including maritime transportation, port infrastructure, water treatment, environmental sustainability and related sectors.