Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Short Interest Up 899.8% in February

Cantor Equity Partners III, Inc. (NASDAQ:CAEP) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 55,160 shares, a growth of 899.8% from the February 12th total of 5,517 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 93,996 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 93,996 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Cantor Equity Partners III Price Performance

CAEP traded down $0.01 during trading hours on Tuesday, reaching $10.25. 47,950 shares of the stock traded hands, compared to its average volume of 97,803. Cantor Equity Partners III has a fifty-two week low of $10.17 and a fifty-two week high of $11.09. The firm’s fifty day simple moving average is $10.23 and its two-hundred day simple moving average is $10.31.

Hedge Funds Weigh In On Cantor Equity Partners III

Several institutional investors and hedge funds have recently made changes to their positions in CAEP. Harraden Circle Investments LLC bought a new position in shares of Cantor Equity Partners III during the second quarter valued at approximately $14,411,000. Meteora Capital LLC lifted its holdings in shares of Cantor Equity Partners III by 91.7% in the 4th quarter. Meteora Capital LLC now owns 2,783,768 shares of the company’s stock worth $28,394,000 after purchasing an additional 1,331,485 shares during the last quarter. First Trust Capital Management L.P. grew its position in shares of Cantor Equity Partners III by 1,113.6% during the fourth quarter. First Trust Capital Management L.P. now owns 1,213,649 shares of the company’s stock worth $12,379,000 after acquiring an additional 1,113,649 shares during the last quarter. Toronto Dominion Bank lifted its position in Cantor Equity Partners III by 100.7% in the 4th quarter. Toronto Dominion Bank now owns 2,014,227 shares of the company’s stock valued at $20,545,000 after purchasing an additional 1,010,395 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Cantor Equity Partners III during the 2nd quarter valued at about $10,569,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cantor Equity Partners III in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cantor Equity Partners III presently has a consensus rating of “Sell”.

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.