Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Down 40.3% in August

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 267 shares, a decline of 40.3% from the July 30th total of 447 shares. Based on an average daily volume of 1,897 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

Several institutional investors have recently bought and sold shares of COLA. Clear Street Group Inc. grew its position in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after acquiring an additional 71,844 shares during the period. L1 Global Manager Pty Ltd bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at $1,039,000. Harraden Circle Investments LLC acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at $5,794,000. Meteora Capital LLC bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth about $4,632,000. Finally, Rivernorth Capital Management LLC grew its holdings in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after purchasing an additional 102,256 shares during the last quarter.

Columbus Acquisition Corp/Cayman Islands Price Performance

Shares of NASDAQ:COLA traded up $0.01 during midday trading on Tuesday, reaching $10.66. 4,971 shares of the company’s stock were exchanged, compared to its average volume of 32,130. The company’s 50 day simple moving average is $10.67 and its two-hundred day simple moving average is $10.63. Columbus Acquisition Corp/Cayman Islands has a 12 month low of $10.19 and a 12 month high of $11.15.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COLA. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. Wall Street Zen lowered Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.