Dynamix Corp III (NASDAQ:DNMXU) Sees Large Increase in Short Interest

Dynamix Corp III (NASDAQ:DNMXU) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 402 shares. Based on an average daily volume of 1,477 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DNMXU. OMERS ADMINISTRATION Corp lifted its position in Dynamix Corp III by 2,026.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 335,207 shares of the company’s stock valued at $3,379,000 after purchasing an additional 319,440 shares during the last quarter. Lineage Point Capital LP acquired a new stake in shares of Dynamix Corp III in the fourth quarter valued at about $100,000. Finally, Clear Street Group Inc. purchased a new position in shares of Dynamix Corp III during the fourth quarter worth about $622,000.

Dynamix Corp III Stock Performance

DNMXU remained flat at $10.15 during trading on Friday. 200 shares of the company’s stock traded hands, compared to its average volume of 9,154. The firm’s fifty day moving average price is $10.14 and its 200 day moving average price is $10.13. Dynamix Corp III has a 1 year low of $10.05 and a 1 year high of $11.00.

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.