Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Down 71.8% in October

Dynamix Corp III (NASDAQ:DNMX) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 3,145 shares, a drop of 71.8% from the October 15th total of 11,153 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,872 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Dynamix Corp III

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Dynamix Corp III in the 1st quarter worth approximately $5,952,000. Sona Asset Management US LLC acquired a new position in Dynamix Corp III during the 1st quarter worth $3,889,000. Wealthspring Capital LLC boosted its position in Dynamix Corp III by 22.7% in the 3rd quarter. Wealthspring Capital LLC now owns 361,060 shares of the company’s stock valued at $3,639,000 after buying an additional 66,760 shares during the last quarter. First Trust Capital Management L.P. bought a new position in Dynamix Corp III in the 3rd quarter valued at $3,557,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Dynamix Corp III in the 3rd quarter valued at $3,528,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Dynamix Corp III in a report on Thursday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Dynamix Corp III Stock Performance

DNMX traded up $0.01 during midday trading on Friday, hitting $10.14. The company had a trading volume of 905 shares, compared to its average volume of 49,803. The company has a market capitalization of $236.68 million and a PE ratio of 15.14. Dynamix Corp III has a twelve month low of $9.87 and a twelve month high of $10.15. The firm’s 50-day simple moving average is $10.10 and its 200-day simple moving average is $10.01.

Dynamix Corp III (NASDAQ:DNMX) last announced its earnings results on Friday, November 6th. The company reported $0.04 earnings per share for the quarter.

About Dynamix Corp III

Dynamix Corp III is a special purpose acquisition company formed to identify and combine with another business through a merger, share exchange, asset acquisition, or similar transaction. It does not have an established operating business or products of its own.