Short Interest in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Grows By 1,733.0%

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,894 shares, an increase of 1,733.0% from the August 15th total of 267 shares. Based on an average daily trading volume, of 20,363 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COLA. Wall Street Zen cut shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a research note 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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, Columbus Acquisition Corp/Cayman Islands has a consensus rating of “Sell”.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

Several large investors have recently added to or reduced their stakes in COLA. Citadel Advisors LLC acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 2nd quarter worth $144,000. HRT Financial LP acquired a new position in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at about $172,000. Clear Street Group Inc. boosted its position in shares of 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 acquiring an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $1,039,000. Finally, Rivernorth Capital Management LLC grew its holdings 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 valued at $3,114,000 after purchasing an additional 102,256 shares during the period.

Columbus Acquisition Corp/Cayman Islands Trading Down 14.9%

COLA traded down $1.45 during trading on Thursday, reaching $8.30. The company’s stock had a trading volume of 104,602 shares, compared to its average volume of 33,069. The firm has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $10.61. Columbus Acquisition Corp/Cayman Islands has a 1 year low of $8.02 and a 1 year high of $11.15.

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

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.