Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Sees Large Decrease in Short Interest

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 313 shares, a drop of 79.0% from the June 15th total of 1,492 shares. Based on an average trading volume of 19,195 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

A number of large investors have recently made changes to their positions in the company. HRT Financial LP purchased a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at $172,000. Clear Street Group Inc. increased its position in shares of 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 worth $810,000 after purchasing an additional 71,844 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $1,039,000. Rivernorth Capital Management LLC lifted 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 valued at $3,114,000 after purchasing an additional 102,256 shares during the last quarter. Finally, Meteora Capital LLC purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at about $4,632,000.

Columbus Acquisition Corp/Cayman Islands Price Performance

Shares of COLA traded up $0.01 during trading on Friday, reaching $10.66. 12,411 shares of the company traded hands, compared to its average volume of 36,489. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $10.13 and a twelve month high of $11.15. The business’s 50-day moving average is $10.72.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last released its earnings results on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.