Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Update

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 267 shares, a decrease of 40.3% from the July 30th total of 447 shares. Based on an average daily trading volume, of 1,897 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

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

Columbus Acquisition Corp/Cayman Islands Stock Performance

Shares of NASDAQ COLA traded down $0.05 during trading on Monday, hitting $10.60. The stock had a trading volume of 978 shares, compared to its average volume of 32,284. Columbus Acquisition Corp/Cayman Islands has a 12 month low of $10.19 and a 12 month high of $11.15. The firm has a fifty day moving average of $10.67 and a two-hundred day moving average of $10.63.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last posted its earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter.

Wall Street Analyst Weigh In

COLA has been the subject of a number of recent research reports. Wall Street Zen downgraded Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Columbus Acquisition Corp/Cayman Islands currently has an average rating of “Sell”.

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.