Karbon Capital Partners Corp. Units (NASDAQ:KBONU) Shares Shorted: Short Interest Up 126.0% in October

Karbon Capital Partners Corp. Units (NASDAQ:KBONU) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 226 shares, a growth of 126.0% from the September 30th total of 100 shares. Based on an average trading volume of 32,600 shares, the days-to-cover ratio is presently 0.0 days.

Karbon Capital Partners Corp. Units Price Performance

Shares of NASDAQ KBONU traded down $0.03 during trading on Friday, hitting $10.18. 7,106 shares of the company were exchanged, compared to its average volume of 19,730. Karbon Capital Partners Corp. Units has a 1 year low of $10.01 and a 1 year high of $11.10. The firm’s fifty day moving average price is $10.24 and its 200 day moving average price is $10.23.

About Karbon Capital Partners Corp. Units

Karbon Capital Partners Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). It was established to pursue a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating companies.

Unlike an operating company, Karbon Capital Partners Corp. does not appear to have established commercial products, services, or significant business operations of its own. Its primary activity is identifying and evaluating potential acquisition targets and completing an initial business combination.

The company’s securities trade under separate symbols, including KBONU for its units.