CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) Short Interest Down 53.2% in April

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 534 shares, a drop of 53.2% from the April 15th total of 1,142 shares. Based on an average trading volume of 10,090 shares, the days-to-cover ratio is currently 0.1 days.

CSLM Digital Asset Acquisition Corp III Price Performance

CSLM Digital Asset Acquisition Corp III stock traded up $0.01 during trading hours on Friday, reaching $10.12. The company had a trading volume of 4,550 shares, compared to its average volume of 54,721. The stock has a 50-day simple moving average of $10.07. CSLM Digital Asset Acquisition Corp III has a 12-month low of $9.85 and a 12-month high of $10.12.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($1.09) EPS for the quarter.

Analysts Set New Price Targets

KOYN has been the subject of a number of research analyst reports. Wall Street Zen upgraded CSLM Digital Asset Acquisition Corp III to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings assumed coverage on CSLM Digital Asset Acquisition Corp III in a research report on Monday, January 26th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On CSLM Digital Asset Acquisition Corp III

A number of large investors have recently bought and sold shares of the stock. Arax Advisory Partners purchased a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $29,000. Geode Capital Management LLC purchased a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $134,000. Boothbay Fund Management LLC purchased a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $249,000. ABC Arbitrage SA purchased a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $398,000. Finally, DLD Asset Management LP purchased a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $398,000.

CSLM Digital Asset Acquisition Corp III Company Profile

CSLM Digital Asset Acquisition Corp III (NASDAQ: KOYN) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses in the digital asset and blockchain-related sectors. As a blank‑check vehicle, the company’s primary activity is to raise capital through its initial public offering and hold those proceeds in trust while it pursues a business combination that would result in an operating company focused on digital assets, crypto infrastructure, or related financial technology services.

Prior to completing a business combination, CSLM Digital Asset Acquisition Corp III does not operate a commercial business; its operations are limited to searching for suitable targets, conducting due diligence, negotiating transaction terms and preparing for a potential merger or acquisition.