Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Short Interest Update

Cantor Equity Partners III, Inc. (NASDAQ:CAEP) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,280 shares, a decrease of 90.4% from the February 26th total of 55,160 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 100,474 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 100,474 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Cantor Equity Partners III Stock Performance

Shares of NASDAQ:CAEP opened at $10.27 on Wednesday. The company’s fifty day moving average price is $10.24 and its 200 day moving average price is $10.31. Cantor Equity Partners III has a 12 month low of $10.17 and a 12 month high of $11.09.

Cantor Equity Partners III (NASDAQ:CAEP) last released its quarterly earnings data on Monday, March 16th. The company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank increased its stake in Cantor Equity Partners III by 100.7% in the fourth quarter. Toronto Dominion Bank now owns 2,014,227 shares of the company’s stock valued at $20,545,000 after purchasing an additional 1,010,395 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Cantor Equity Partners III during the fourth quarter worth about $1,472,000. Schonfeld Strategic Advisors LLC increased its position in Cantor Equity Partners III by 46.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 88,955 shares of the company’s stock valued at $907,000 after acquiring an additional 28,252 shares during the period. Meteora Capital LLC increased its position in Cantor Equity Partners III by 91.7% in the 4th quarter. Meteora Capital LLC now owns 2,783,768 shares of the company’s stock valued at $28,394,000 after acquiring an additional 1,331,485 shares during the period. Finally, TIG Advisors LLC raised its stake in Cantor Equity Partners III by 100.0% during the 4th quarter. TIG Advisors LLC now owns 50,000 shares of the company’s stock valued at $510,000 after acquiring an additional 25,000 shares during the last quarter.

Analysts Set New Price Targets

CAEP has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cantor Equity Partners III in a report on Monday, December 29th. Wall Street Zen lowered Cantor Equity Partners III from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Cantor Equity Partners III Company Profile

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.