Karbon Capital Partners Corp. Units (NASDAQ:KBONU – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 226 shares, an increase of 126.0% from the September 30th total of 100 shares. Based on an average trading volume of 32,600 shares, the short-interest ratio is presently 0.0 days.
Karbon Capital Partners Corp. Units Stock Performance
NASDAQ:KBONU traded down $0.03 on Friday, hitting $10.18. 7,106 shares of the stock were exchanged, compared to its average volume of 19,730. The stock has a fifty day moving average of $10.24 and a 200-day moving average of $10.23. Karbon Capital Partners Corp. Units has a fifty-two week low of $10.01 and a fifty-two week high of $11.10.
About Karbon Capital Partners Corp. Units
Karbon Capital Partners Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). It was established to pursue a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating companies.
Unlike an operating company, Karbon Capital Partners Corp. does not appear to have established commercial products, services, or significant business operations of its own. Its primary activity is identifying and evaluating potential acquisition targets and completing an initial business combination.
The company’s securities trade under separate symbols, including KBONU for its units.
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