Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Up 6,435.4% in May

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 16,077 shares, an increase of 6,435.4% from the April 30th total of 246 shares. Based on an average daily trading volume, of 72,829 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HRT Financial LP purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $172,000. Clear Street Group Inc. lifted its stake in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after buying an additional 71,844 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new stake in Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth about $1,039,000. Rivernorth Capital Management LLC increased its stake in Columbus Acquisition Corp/Cayman Islands by 51.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after buying an additional 102,256 shares in the last quarter. Finally, Meteora Capital LLC purchased a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth approximately $4,632,000.

Columbus Acquisition Corp/Cayman Islands Stock Performance

COLA stock traded up $0.12 during midday trading on Wednesday, hitting $10.92. 197,850 shares of the stock traded hands, compared to its average volume of 37,026. The company’s fifty day moving average is $10.62. Columbus Acquisition Corp/Cayman Islands has a 1-year low of $10.08 and a 1-year high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.01 EPS for the quarter.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.