CEPF (NASDAQ:CEPF) Shares Shorted: Short Interest Up 92.1% in September

CEPF (NASDAQ:CEPF) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 7,113 shares, an increase of 92.1% from the September 15th total of 3,702 shares. Based on an average daily volume of 123,962 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

CEPF Price Performance

Shares of CEPF stock traded up $0.02 on Friday, reaching $10.28. 1,186 shares of the stock were exchanged, compared to its average volume of 87,916. The stock has a market cap of $587.50 million, a PE ratio of 73.43 and a beta of 0.18. CEPF has a one year low of $10.13 and a one year high of $10.64. The stock has a 50 day moving average price of $10.34 and a 200 day moving average price of $10.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut CEPF from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, CEPF presently has an average rating of “Sell”.

CEPF Company Profile

Cantor Equity Partners IV, Inc (NASDAQ: CEPF) is a special purpose acquisition company (SPAC) formed to identify and combine with one or more businesses through a merger, acquisition, stock purchase or similar transaction.

As a SPAC, the company does not currently operate a traditional commercial business or offer its own products and services. Its primary activities are evaluating potential acquisition targets and completing a business combination. The company may pursue a target in a range of industries or geographic markets, subject to the terms of its formation documents and investor approval requirements.

Cantor Equity Partners IV is affiliated with Cantor Fitzgerald, a global financial services firm.