Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Up 131.5% in October

Dynamix Corp III (NASDAQ:DNMX) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,153 shares, a growth of 131.5% from the September 30th total of 4,818 shares. Based on an average daily volume of 52,433 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Dynamix Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Dynamix Corp III Stock Performance

Shares of DNMX traded down $0.01 during mid-day trading on Friday, hitting $10.10. 513 shares of the company traded hands, compared to its average volume of 51,180. Dynamix Corp III has a 1 year low of $9.87 and a 1 year high of $10.15. The stock has a market cap of $235.66 million and a price-to-earnings ratio of 336.67. The stock has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $10.01.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Dynamix Corp III in the first quarter worth about $5,952,000. Sona Asset Management US LLC purchased a new stake in shares of Dynamix Corp III during the 1st quarter valued at about $3,889,000. Rivernorth Capital Management LLC purchased a new stake in shares of Dynamix Corp III during the 1st quarter valued at about $744,000. Gritstone Asset Management LLC purchased a new stake in shares of Dynamix Corp III during the 1st quarter valued at about $496,000. Finally, ABC Arbitrage SA bought a new position in shares of Dynamix Corp III in the 1st quarter worth approximately $198,000.

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.