Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Short Interest Update

Cantor Equity Partners III, Inc. (NASDAQ:CAEP) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 59,341 shares, an increase of 1,023.9% from the March 15th total of 5,280 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 81,891 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded Cantor Equity Partners III from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Cantor Equity Partners III in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cantor Equity Partners III presently has a consensus rating of “Sell”.

Cantor Equity Partners III Price Performance

NASDAQ CAEP opened at $10.33 on Friday. Cantor Equity Partners III has a 12-month low of $10.17 and a 12-month high of $11.09. The firm has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $10.31.

Cantor Equity Partners III (NASDAQ:CAEP) last posted its quarterly earnings results on Monday, March 16th. The company reported $0.01 EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. raised its stake in Cantor Equity Partners III by 80.0% in the fourth quarter. PenderFund Capital Management Ltd. now owns 7,200 shares of the company’s stock valued at $73,000 after purchasing an additional 3,200 shares in the last quarter. Mercuria Capital Strategies LLC acquired a new position in Cantor Equity Partners III in the fourth quarter valued at about $98,000. Fort Baker Capital Management LP bought a new position in shares of Cantor Equity Partners III in the 2nd quarter valued at $106,000. Gabelli Funds LLC acquired a new stake in Cantor Equity Partners III in the second quarter valued at approximately $118,000. Finally, FNY Investment Advisers LLC boosted its position in Cantor Equity Partners III by 43.9% in the third quarter. FNY Investment Advisers LLC now owns 11,997 shares of the company’s stock valued at $123,000 after buying an additional 3,662 shares in the last quarter.

About Cantor Equity Partners III

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.