Karbon Capital Partners Corp. (NASDAQ:KBON) Shares Shorted: Short Interest Down 60.5% in September

Karbon Capital Partners Corp. (NASDAQ:KBON) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 166 shares, a drop of 60.5% from the August 31st total of 420 shares. Based on an average daily volume of 50,984 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Karbon Capital Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Karbon Capital Partners Stock Up 0.3%

KBON stock traded up $0.04 during mid-day trading on Monday, reaching $10.11. 3,700 shares of the company traded hands, compared to its average volume of 75,215. The company has a fifty day moving average price of $10.10 and a 200-day moving average price of $10.09. Karbon Capital Partners has a 52-week low of $10.02 and a 52-week high of $10.15.

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.