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

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 16,077 shares, a growth of 6,435.4% from the April 30th total of 246 shares. Based on an average daily trading volume, of 72,829 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COLA. Harraden Circle Investments LLC purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at approximately $5,794,000. Meteora Capital LLC purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at approximately $4,632,000. Rivernorth Capital Management LLC grew its stake 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 valued at $3,114,000 after purchasing an additional 102,256 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at approximately $1,039,000. Finally, Clear Street Group Inc. grew its stake 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 valued at $810,000 after purchasing an additional 71,844 shares during the last quarter.

Columbus Acquisition Corp/Cayman Islands Trading Up 1.1%

NASDAQ:COLA opened at $10.92 on Thursday. The stock’s 50 day moving average price is $10.62. Columbus Acquisition Corp/Cayman Islands has a 52-week low of $10.08 and a 52-week high of $11.15.

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