CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) Short Interest Update

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 534 shares, a decline of 53.2% from the April 15th total of 1,142 shares. Based on an average daily volume of 10,090 shares, the short-interest ratio is currently 0.1 days.

CSLM Digital Asset Acquisition Corp III Stock Performance

Shares of NASDAQ KOYN traded up $0.01 during mid-day trading on Friday, reaching $10.12. 4,550 shares of the company were exchanged, compared to its average volume of 54,721. CSLM Digital Asset Acquisition Corp III has a 52 week low of $9.85 and a 52 week high of $10.12. The stock has a 50 day moving average of $10.07.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($1.09) earnings per share (EPS) for the quarter.

Institutional Trading of CSLM Digital Asset Acquisition Corp III

A number of hedge funds have recently made changes to their positions in KOYN. Wolverine Asset Management LLC bought a new stake in shares of CSLM Digital Asset Acquisition Corp III during the 4th quarter worth $3,060,000. ABC Arbitrage SA bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $398,000. Wealthspring Capital LLC bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $6,027,000. Geode Capital Management LLC bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $134,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $2,985,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KOYN. Wall Street Zen upgraded shares of CSLM Digital Asset Acquisition Corp III to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings began coverage on shares of CSLM Digital Asset Acquisition Corp III in a research report on Monday, January 26th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CSLM Digital Asset Acquisition Corp III currently has an average rating of “Sell”.

About CSLM Digital Asset Acquisition Corp III

CSLM Digital Asset Acquisition Corp III (NASDAQ: KOYN) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses in the digital asset and blockchain-related sectors. As a blank?check vehicle, the company’s primary activity is to raise capital through its initial public offering and hold those proceeds in trust while it pursues a business combination that would result in an operating company focused on digital assets, crypto infrastructure, or related financial technology services.

Prior to completing a business combination, CSLM Digital Asset Acquisition Corp III does not operate a commercial business; its operations are limited to searching for suitable targets, conducting due diligence, negotiating transaction terms and preparing for a potential merger or acquisition.