Karbon Capital Partners Corp. (NASDAQ:KBON – Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 14 shares, a drop of 91.6% from the September 15th total of 166 shares. Based on an average daily volume of 60,729 shares, the days-to-cover ratio is presently 0.0 days.
Karbon Capital Partners Trading Down 0.1%
Shares of NASDAQ:KBON traded down $0.01 during trading on Friday, hitting $10.11. The stock had a trading volume of 90,540 shares, compared to its average volume of 75,663. Karbon Capital Partners has a 12-month low of $10.02 and a 12-month high of $10.15. The stock has a 50-day simple moving average of $10.11 and a two-hundred day simple moving average of $10.09.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Karbon Capital Partners in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Karbon Capital Partners has an average rating of “Sell”.
About Karbon Capital Partners
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.
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