Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Sees Large Increase in Short Interest

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 540 shares, an increase of 72.5% from the June 30th total of 313 shares. Based on an average daily trading volume, of 10,006 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

COLA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. Wall Street Zen raised Columbus Acquisition Corp/Cayman Islands to a “hold” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Trading Up 0.1%

NASDAQ COLA opened at $10.68 on Friday. The company has a 50-day simple moving average of $10.68. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $10.16 and a twelve month high of $11.15.

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

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Large investors have recently bought and sold shares of the business. Harraden Circle Investments LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth $5,794,000. Meteora Capital LLC acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth $4,632,000. Rivernorth Capital Management LLC grew its position in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after buying an additional 102,256 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $1,039,000. Finally, Clear Street Group Inc. raised its position in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth 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 during the period.

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.