Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Short Interest Up 1,931.6% in May

Cantor Equity Partners III, Inc. (NASDAQ:CAEP) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 11,905 shares, a growth of 1,931.6% from the April 30th total of 586 shares. Based on an average trading volume of 411,589 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CAEP. PenderFund Capital Management Ltd. grew its position in Cantor Equity Partners III by 80.0% in the fourth quarter. PenderFund Capital Management Ltd. now owns 7,200 shares of the company’s stock worth $73,000 after buying an additional 3,200 shares during the last quarter. Mercuria Capital Strategies LLC purchased a new position in Cantor Equity Partners III in the 4th quarter worth about $98,000. Gabelli Funds LLC purchased a new position in Cantor Equity Partners III in the 2nd quarter worth about $118,000. FNY Investment Advisers LLC increased its stake in Cantor Equity Partners III by 43.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 11,997 shares of the company’s stock worth $123,000 after purchasing an additional 3,662 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new position in Cantor Equity Partners III in the 2nd quarter worth about $194,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Cantor Equity Partners III from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Cantor Equity Partners III Stock Performance

Shares of CAEP traded down $0.23 during mid-day trading on Friday, reaching $14.77. 20,409 shares of the company’s stock traded hands, compared to its average volume of 452,389. The business’s 50-day moving average price is $11.39 and its 200-day moving average price is $10.63. Cantor Equity Partners III has a 12 month low of $10.13 and a 12 month high of $15.30.

Cantor Equity Partners III (NASDAQ:CAEP) last released its quarterly earnings results on Monday, March 16th. The company reported $0.01 earnings per share for the quarter.

About Cantor Equity Partners III

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.