Dynamix Corp III (NASDAQ:DNMX) Sees Significant Increase in Short Interest

Dynamix Corp III (NASDAQ:DNMX) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 5,263 shares, an increase of 154.5% from the July 15th total of 2,068 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,491 shares, the short-interest ratio is presently 0.7 days.

Dynamix Corp III Trading Up 0.0%

DNMX opened at $10.04 on Friday. The firm’s 50 day simple moving average is $10.02 and its two-hundred day simple moving average is $9.98. Dynamix Corp III has a 1-year low of $9.87 and a 1-year high of $10.04. The company has a market capitalization of $234.35 million and a PE ratio of -1,004.50.

Dynamix Corp III (NASDAQ:DNMX) last released its earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter.

Institutional Trading of Dynamix Corp III

A number of large investors have recently added to or reduced their stakes in the company. ABC Arbitrage SA bought a new stake in Dynamix Corp III in the first quarter worth $198,000. Boothbay Fund Management LLC purchased a new stake in shares of Dynamix Corp III in the fourth quarter worth approximately $494,000. Bulldog Investors LLP purchased a new stake in Dynamix Corp III in the fourth quarter worth $494,000. Gritstone Asset Management LLC bought a new stake in Dynamix Corp III during the 1st quarter valued at about $496,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Dynamix Corp III during the first quarter valued at approximately $744,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Dynamix Corp III in a research report on Monday, June 8th. They issued a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Dynamix Corp III

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.