Karbon Capital Partners Corp. (NASDAQ:KBON) Sees Large Decline in Short Interest

Karbon Capital Partners Corp. (NASDAQ:KBON) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 14 shares, a drop of 91.6% from the September 15th total of 166 shares. Based on an average trading volume of 60,729 shares, the short-interest ratio is presently 0.0 days.

Karbon Capital Partners Trading Down 0.1%

KBON traded down $0.01 during trading hours on Friday, hitting $10.11. The stock had a trading volume of 90,540 shares, compared to its average volume of 75,663. The company’s fifty day simple moving average is $10.11 and its 200 day simple moving average is $10.09. Karbon Capital Partners has a 1 year low of $10.02 and a 1 year high of $10.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Karbon Capital Partners in a report on Monday, September 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Karbon Capital Partners

We are a newly organized blank check company incorporated as a Cayman Islands exempted company 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 as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. 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.