Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Down 71.8% in October

Dynamix Corp III (NASDAQ:DNMX) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 3,145 shares, a decline of 71.8% from the October 15th total of 11,153 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 71,872 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Dynamix Corp III in the 1st quarter valued at $5,952,000. Sona Asset Management US LLC acquired a new stake in shares of Dynamix Corp III during the 1st quarter worth about $3,889,000. Wealthspring Capital LLC increased its position in shares of Dynamix Corp III by 22.7% during the 3rd quarter. Wealthspring Capital LLC now owns 361,060 shares of the company’s stock worth $3,639,000 after purchasing an additional 66,760 shares in the last quarter. First Trust Capital Management L.P. bought a new position in Dynamix Corp III during the 3rd quarter valued at about $3,557,000. Finally, Alberta Investment Management Corp bought a new position in Dynamix Corp III during the 3rd quarter valued at about $3,528,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Dynamix Corp III in a research note on Thursday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Dynamix Corp III Stock Performance

NASDAQ DNMX traded up $0.01 during trading on Friday, reaching $10.14. 905 shares of the company traded hands, compared to its average volume of 49,803. The stock’s 50 day moving average price is $10.10 and its two-hundred day moving average price is $10.01. The company has a market cap of $236.68 million and a price-to-earnings ratio of 15.14. Dynamix Corp III has a 1-year low of $9.87 and a 1-year high of $10.15.

Dynamix Corp III (NASDAQ:DNMX) last posted its earnings results on Friday, November 6th. The company reported $0.04 EPS for the quarter.

Dynamix Corp III Company Profile

Dynamix Corp III is a special purpose acquisition company formed to identify and combine with another business through a merger, share exchange, asset acquisition, or similar transaction. It does not have an established operating business or products of its own.