Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Short Interest Update

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 13,496 shares, an increase of 175.8% from the August 31st total of 4,894 shares. Based on an average daily volume of 52,715 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

COLA has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Friday. Wall Street Zen cut Columbus Acquisition Corp/Cayman Islands from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Columbus Acquisition Corp/Cayman Islands currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Columbus Acquisition Corp/Cayman Islands during the second quarter valued at approximately $144,000. Clear Street Group Inc. boosted its holdings in shares of 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 worth $810,000 after purchasing an additional 71,844 shares during the period. Finally, L1 Global Manager Pty Ltd bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at approximately $1,039,000.

Columbus Acquisition Corp/Cayman Islands Stock Up 1.8%

Columbus Acquisition Corp/Cayman Islands stock opened at $10.64 on Tuesday. Columbus Acquisition Corp/Cayman Islands has a 52-week low of $8.02 and a 52-week high of $12.95. The firm’s fifty day moving average is $10.62 and its 200 day moving average is $10.63.

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

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp. is a Cayman Islands–incorporated special purpose acquisition company, or SPAC. The company was formed to identify and combine with one or more businesses through a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar transaction.

Unlike an operating company, Columbus Acquisition Corp. does not primarily develop, manufacture, or sell products and services. Its activities are focused on evaluating potential acquisition targets and completing an initial business combination.