Short Interest in Cantor Equity Partners, Inc. (NASDAQ:CEPO) Rises By 249.4%

Cantor Equity Partners, Inc. (NASDAQ:CEPO) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 211,008 shares, a growth of 249.4% from the May 31st total of 60,395 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 46,720 shares, the days-to-cover ratio is currently 4.5 days.

Cantor Equity Partners Stock Performance

Shares of CEPO opened at $10.52 on Friday. The company has a 50 day moving average price of $10.58 and a 200-day moving average price of $10.51. Cantor Equity Partners has a fifty-two week low of $8.22 and a fifty-two week high of $16.50. The stock has a market capitalization of $268.26 million, a PE ratio of -22.38 and a beta of -0.09.

Institutional Trading of Cantor Equity Partners

Hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP purchased a new stake in Cantor Equity Partners during the third quarter worth $52,300,000. Anson Funds Management LP purchased a new position in shares of Cantor Equity Partners in the 4th quarter valued at $21,234,000. Pantera Capital Partners LP purchased a new position in shares of Cantor Equity Partners in the 3rd quarter valued at $15,690,000. Berkley W R Corp raised its position in shares of Cantor Equity Partners by 467.6% in the 4th quarter. Berkley W R Corp now owns 970,527 shares of the company’s stock worth $10,103,000 after acquiring an additional 799,533 shares in the last quarter. Finally, Crossingbridge Advisors LLC bought a new position in shares of Cantor Equity Partners in the 4th quarter worth $9,512,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CEPO shares. Wall Street Zen upgraded Cantor Equity Partners to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings upgraded Cantor Equity Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Cantor Equity Partners Company Profile

Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.

The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.