Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Update

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 313 shares, a decline of 79.0% from the June 15th total of 1,492 shares. Based on an average daily trading volume, of 19,195 shares, the days-to-cover ratio is currently 0.0 days.

Columbus Acquisition Corp/Cayman Islands Stock Up 0.0%

COLA traded up $0.01 on Friday, hitting $10.66. 12,411 shares of the company traded hands, compared to its average volume of 36,489. The stock’s 50 day moving average is $10.72. Columbus Acquisition Corp/Cayman Islands has a 12-month low of $10.13 and a 12-month high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Hedge funds and other institutional investors have recently bought and sold shares of the company. HRT Financial LP purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at approximately $172,000. L1 Global Manager Pty Ltd acquired a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at $1,039,000. Harraden Circle Investments LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at $5,794,000. Clear Street Group Inc. boosted its position in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after purchasing an additional 71,844 shares in the last quarter. Finally, Meteora Capital LLC purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth $4,632,000.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.