Cayson Acquisition Corp (NASDAQ:CAPN) Short Interest Update

Cayson Acquisition Corp (NASDAQ:CAPN) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,714 shares, an increase of 99.6% from the August 31st total of 1,360 shares. Based on an average daily volume of 183 shares, the short-interest ratio is currently 14.8 days. Approximately 0.1% of the shares of the company are short sold.

Cayson Acquisition Stock Up 0.5%

Cayson Acquisition stock traded up $0.06 during trading hours on Wednesday, hitting $11.31. 32,082 shares of the company traded hands, compared to its average volume of 2,408. Cayson Acquisition has a 1-year low of $10.32 and a 1-year high of $11.74. The firm’s 50-day simple moving average is $11.23 and its two-hundred day simple moving average is $11.07.

Cayson Acquisition (NASDAQ:CAPN) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Cayson Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cayson Acquisition stock. Clear Street Group Inc. lifted its holdings in Cayson Acquisition Corp (NASDAQ:CAPN) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,793 shares of the company’s stock after purchasing an additional 7,601 shares during the period. Clear Street Group Inc. owned about 1.38% of Cayson Acquisition worth $1,147,000 at the end of the most recent reporting period.

Cayson Acquisition Company Profile

Cayson Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not conduct significant commercial operations of its own and was established primarily to raise capital through a public offering and pursue a merger, acquisition, stock exchange, or similar transaction.

Because Cayson Acquisition Corp. is a blank-check company, it does not currently offer a defined portfolio of products or services, nor does it operate a specific geographic business platform.