Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Down 37.2% in September

Dynamix Corp III (NASDAQ:DNMX) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,818 shares, a decrease of 37.2% from the September 15th total of 7,677 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 63,831 shares, the days-to-cover ratio is presently 0.1 days.

Dynamix Corp III Stock Performance

NASDAQ DNMX opened at $10.10 on Friday. Dynamix Corp III has a one year low of $9.87 and a one year high of $10.10. The firm’s fifty day moving average is $10.07 and its two-hundred day moving average is $10.02.

Dynamix Corp III (NASDAQ:DNMX) last announced its earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Dynamix Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Dynamix Corp III presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Dynamix Corp III

Several institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC acquired a new stake in Dynamix Corp III during the 1st quarter worth approximately $744,000. Sona Asset Management US LLC purchased a new stake in shares of Dynamix Corp III during the first quarter worth approximately $3,889,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Dynamix Corp III during the first quarter worth approximately $5,952,000. Gritstone Asset Management LLC purchased a new stake in shares of Dynamix Corp III during the first quarter worth approximately $496,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Dynamix Corp III during the first quarter worth $198,000.

Dynamix Corp III Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed 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 throughout this prospectus as our initial business combination. 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.