Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Down 90.8% in June

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 1,492 shares, a decline of 90.8% from the May 31st total of 16,134 shares. Based on an average trading volume of 49,584 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

A number of institutional investors and hedge funds have recently bought and sold shares of COLA. HRT Financial LP bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth approximately $172,000. Clear Street Group Inc. grew its stake in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th 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 in the last quarter. L1 Global Manager Pty Ltd purchased a new position in Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at approximately $1,039,000. Rivernorth Capital Management LLC raised 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. Finally, Meteora Capital LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at $4,632,000.

Columbus Acquisition Corp/Cayman Islands Trading Up 0.2%

COLA traded up $0.02 during midday trading on Friday, hitting $10.65. The company had a trading volume of 21,287 shares, compared to its average volume of 38,290. Columbus Acquisition Corp/Cayman Islands has a 52 week low of $10.13 and a 52 week high of $11.15. The stock’s 50 day simple moving average is $10.70.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

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.