Dynamix Corp III (NASDAQ:DNMX) Short Interest Up 102.9% in April

Dynamix Corp III (NASDAQ:DNMX) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,555 shares, an increase of 102.9% from the April 15th total of 1,259 shares. Based on an average trading volume of 13,506 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Dynamix Corp III Price Performance

Shares of NASDAQ:DNMX remained flat at $9.99 during midday trading on Monday. 5,100 shares of the company were exchanged, compared to its average volume of 53,870. The firm has a 50 day simple moving average of $9.94. Dynamix Corp III has a 12-month low of $9.87 and a 12-month high of $9.99. The company has a market capitalization of $233.07 million and a price-to-earnings ratio of 111.00.

Dynamix Corp III (NASDAQ:DNMX) last issued its earnings results on Friday, March 20th. The company reported $0.07 earnings per share for the quarter.

Hedge Funds Weigh In On Dynamix Corp III

Several institutional investors have recently bought and sold shares of the business. ABC Arbitrage SA bought a new position in shares of Dynamix Corp III in the 1st quarter valued at about $198,000. Boothbay Fund Management LLC bought a new stake in Dynamix Corp III during the fourth quarter worth approximately $494,000. Bulldog Investors LLP bought a new stake in Dynamix Corp III during the fourth quarter worth approximately $494,000. Gritstone Asset Management LLC bought a new stake in Dynamix Corp III during the first quarter worth approximately $496,000. Finally, Mint Tower Capital Management B.V. bought a new stake in Dynamix Corp III during the fourth quarter worth approximately $989,000.

About Dynamix Corp III

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.