Short Interest in Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Increases By 1,931.6%

Cantor Equity Partners III, Inc. (NASDAQ:CAEP) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 11,905 shares, a growth of 1,931.6% from the April 30th total of 586 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 411,589 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Cantor Equity Partners III

Several hedge funds have recently added to or reduced their stakes in CAEP. PenderFund Capital Management Ltd. boosted its holdings in Cantor Equity Partners III by 80.0% in the fourth quarter. PenderFund Capital Management Ltd. now owns 7,200 shares of the company’s stock valued at $73,000 after acquiring an additional 3,200 shares during the last quarter. Mercuria Capital Strategies LLC bought a new position in Cantor Equity Partners III in the fourth quarter valued at about $98,000. Gabelli Funds LLC bought a new position in Cantor Equity Partners III in the second quarter valued at about $118,000. FNY Investment Advisers LLC boosted its holdings in Cantor Equity Partners III by 43.9% in the third quarter. FNY Investment Advisers LLC now owns 11,997 shares of the company’s stock valued at $123,000 after acquiring an additional 3,662 shares during the last quarter. Finally, Sandia Investment Management LP bought a new position in Cantor Equity Partners III in the second quarter valued at about $194,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Cantor Equity Partners III from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Cantor Equity Partners III Stock Down 1.5%

Shares of NASDAQ CAEP traded down $0.23 during midday trading on Wednesday, hitting $14.77. The stock had a trading volume of 20,409 shares, compared to its average volume of 452,389. Cantor Equity Partners III has a fifty-two week low of $10.13 and a fifty-two week high of $15.30. The company’s 50-day simple moving average is $11.21 and its 200 day simple moving average is $10.57.

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

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.