Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Stock Short Interest Report for September

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 8,381 shares, a drop of 37.9% from the September 15th total of 13,496 shares. Based on an average daily trading volume, of 34,411 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

An institutional investor recently bought a new stake in Columbus Acquisition Corp/Cayman Islands stock. Citadel Advisors LLC purchased a new position in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,545 shares of the company’s stock, valued at approximately $144,000.

Analysts Set New Price Targets

COLA has been the topic of a number of research reports. Wall Street Zen cut shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Columbus Acquisition Corp/Cayman Islands presently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Performance

Columbus Acquisition Corp/Cayman Islands stock opened at $2.86 on Friday. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $2.79 and a twelve month high of $12.95. The stock’s 50 day moving average is $8.66 and its 200 day moving average is $9.96.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last announced its quarterly earnings data 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. is a Cayman Islands–incorporated blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Columbus Acquisition Corp. does not have established commercial products or services of its own. Its activities primarily involve identifying and evaluating potential acquisition targets and completing a business combination.