Cantor Equity Partners, Inc. (NASDAQ:CEPO) Sees Large Decrease in Short Interest

Cantor Equity Partners, Inc. (NASDAQ:CEPO) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,609 shares, a decline of 47.5% from the August 15th total of 14,495 shares. Based on an average trading volume of 512,006 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CEPO. Weiss Ratings downgraded shares of Cantor Equity Partners from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 25th. Wall Street Zen raised Cantor Equity Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cantor Equity Partners presently has an average rating of “Sell”.

Hedge Funds Weigh In On Cantor Equity Partners

Hedge funds have recently bought and sold shares of the company. SkyView Investment Advisors LLC acquired a new stake in Cantor Equity Partners in the second quarter valued at $1,550,000. Cannon Global Investment Management LLC boosted its position in shares of Cantor Equity Partners by 15.1% in the 1st quarter. Cannon Global Investment Management LLC now owns 118,000 shares of the company’s stock worth $1,239,000 after buying an additional 15,500 shares in the last quarter. Lineage Point Capital LP acquired a new stake in Cantor Equity Partners in the 4th quarter valued at about $124,000. L1 Global Manager Pty Ltd purchased a new position in Cantor Equity Partners during the 4th quarter valued at about $524,000. Finally, BCK Capital Management LP raised its position in Cantor Equity Partners by 221.9% during the fourth quarter. BCK Capital Management LP now owns 388,000 shares of the company’s stock worth $4,039,000 after acquiring an additional 267,468 shares during the last quarter.

Cantor Equity Partners Trading Down 0.0%

Shares of CEPO traded down $0.01 during trading hours on Wednesday, reaching $10.76. The company had a trading volume of 2,933 shares, compared to its average volume of 95,275. Cantor Equity Partners has a 12-month low of $8.22 and a 12-month high of $10.97. The firm has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $10.59. The company has a market capitalization of $274.25 million, a price-to-earnings ratio of -37.09 and a beta of -0.05.

Cantor Equity Partners (NASDAQ:CEPO) last released its quarterly earnings data on Friday, August 14th. The company reported $0.26 EPS for the quarter.

About Cantor Equity Partners

Cantor Equity Partners is a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald. Rather than operating a traditional business, the company was formed to raise capital through a public offering and pursue a merger, stock purchase, asset acquisition, reorganization, or similar business combination with one or more businesses.

As a blank-check company, Cantor Equity Partners does not manufacture products or provide ongoing commercial services of its own.