CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYNW) Shares Shorted: Short Interest Up 210.7% in October

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYNW) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,805 shares, an increase of 210.7% from the September 30th total of 581 shares. Based on an average daily trading volume, of 12,569 shares, the short-interest ratio is presently 0.1 days.

CSLM Digital Asset Acquisition Corp III Price Performance

Shares of NASDAQ:KOYNW opened at $0.17 on Thursday. The company’s fifty day moving average price is $0.19 and its 200-day moving average price is $0.23. CSLM Digital Asset Acquisition Corp III has a one year low of $0.13 and a one year high of $0.60.

CSLM Digital Asset Acquisition Corp III Company Profile

CSLM Digital Asset Acquisition Corp III is a blank-check company, also known as a special purpose acquisition company (SPAC). It was formed to identify and complete a business combination, such as a merger, stock exchange, asset acquisition, or similar transaction, with a target company.

The company’s stated focus is the digital asset sector. Until it completes a business combination, it does not operate a commercial business or offer products and services of its own. Its activities are primarily related to evaluating potential acquisition opportunities and pursuing a qualifying transaction.

Publicly available information about the company’s specific target, operating geographies, and leadership is limited.