Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Sees Large Drop in Short Interest

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

Columbus Acquisition Corp/Cayman Islands Trading Up 0.1%

Shares of NASDAQ COLA traded up $0.01 during midday trading on Thursday, reaching $10.63. The company’s stock had a trading volume of 36,269 shares, compared to its average volume of 38,456. Columbus Acquisition Corp/Cayman Islands has a fifty-two week low of $10.13 and a fifty-two week high of $11.15. The stock’s 50 day moving average price is $10.69.

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

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

Several large investors have recently modified their holdings of the stock. Clear Street Group Inc. raised its stake in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after purchasing an additional 71,844 shares in the last quarter. L1 Global Manager Pty Ltd bought a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $1,039,000. Harraden Circle Investments LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $5,794,000. Meteora Capital LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $4,632,000. Finally, Rivernorth Capital Management LLC increased its holdings in Columbus Acquisition Corp/Cayman Islands by 51.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after buying an additional 102,256 shares during the period.

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.