Short Interest in Karbon Capital Partners Corp. (NASDAQ:KBON) Drops By 62.5%

Karbon Capital Partners Corp. (NASDAQ:KBON) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,621 shares, a decrease of 62.5% from the July 15th total of 12,312 shares. Based on an average daily volume of 20,520 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Karbon Capital Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Karbon Capital Partners Price Performance

KBON stock traded up $0.02 during trading hours on Friday, reaching $10.12. The stock had a trading volume of 208,431 shares, compared to its average volume of 74,532. The company’s 50-day moving average is $10.10. Karbon Capital Partners has a fifty-two week low of $10.02 and a fifty-two week high of $10.15.

Karbon Capital Partners Company Profile

We are a newly organized blank check company incorporated as a Cayman Islands exempted company 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 as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. 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.