Short Interest in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Expands By 1,733.0%

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 4,894 shares, a growth of 1,733.0% from the August 15th total of 267 shares. Based on an average daily volume of 20,363 shares, the days-to-cover ratio is currently 0.2 days.

Columbus Acquisition Corp/Cayman Islands Stock Up 28.1%

Shares of COLA opened at $10.63 on Friday. The stock has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.61. Columbus Acquisition Corp/Cayman Islands has a 1 year low of $8.02 and a 1 year high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. Wall Street Zen lowered shares of Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Columbus Acquisition Corp/Cayman Islands presently has an average rating of “Sell”.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

A number of large investors have recently added to or reduced their stakes in COLA. Clear Street Group Inc. grew its stake in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth 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 during the last quarter. L1 Global Manager Pty Ltd purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $1,039,000. Harraden Circle Investments LLC bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at about $5,794,000. Citadel Advisors LLC bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 2nd quarter valued at about $144,000. Finally, Rivernorth Capital Management LLC boosted its holdings 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 valued at $3,114,000 after acquiring an additional 102,256 shares during the period.

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.