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

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 267 shares, a drop 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 currently 0.1 days.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Columbus Acquisition Corp/Cayman Islands currently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Performance

COLA traded down $0.05 on Monday, hitting $10.60. The company had a trading volume of 978 shares, compared to its average volume of 32,284. The stock has a fifty day simple moving average of $10.67 and a 200-day simple moving average of $10.63. Columbus Acquisition Corp/Cayman Islands has a 52-week low of $10.19 and a 52-week high of $11.15.

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

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. grew its position in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after purchasing an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $1,039,000. Rivernorth Capital Management LLC lifted its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after buying an additional 102,256 shares in the last quarter. Meteora Capital LLC bought a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth approximately $4,632,000. Finally, Harraden Circle Investments LLC bought a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth approximately $5,794,000.

About Columbus Acquisition Corp/Cayman Islands

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.