Short Interest in Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Drops By 97.2%
by Doug Wharley · The Cerbat GemCantor Equity Partners III, Inc. (NASDAQ:CAEP – Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 1,658 shares, a decrease of 97.2% from the March 31st total of 59,341 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 134,765 shares, the days-to-cover ratio is presently 0.0 days.
Cantor Equity Partners III Stock Down 0.0%
Shares of Cantor Equity Partners III stock traded down $0.01 on Friday, hitting $10.45. The stock had a trading volume of 352,807 shares, compared to its average volume of 283,374. Cantor Equity Partners III has a 52-week low of $10.17 and a 52-week high of $11.09. The company’s 50 day moving average price is $10.29 and its 200 day moving average price is $10.31.
Cantor Equity Partners III (NASDAQ:CAEP – Get Free Report) last posted its earnings results on Monday, March 16th. The company reported $0.01 earnings per share for the quarter.
Institutional Trading of Cantor Equity Partners III
Several institutional investors and hedge funds have recently made changes to their positions in the company. Meteora Capital LLC raised its stake in Cantor Equity Partners III by 91.7% during the 4th quarter. Meteora Capital LLC now owns 2,783,768 shares of the company’s stock valued at $28,394,000 after acquiring an additional 1,331,485 shares during the last quarter. Toronto Dominion Bank raised its stake in Cantor Equity Partners III by 100.7% during the 4th quarter. Toronto Dominion Bank now owns 2,014,227 shares of the company’s stock valued at $20,545,000 after acquiring an additional 1,010,395 shares during the last quarter. Harraden Circle Investments LLC raised its stake in Cantor Equity Partners III by 46.7% during the 3rd quarter. Harraden Circle Investments LLC now owns 2,004,067 shares of the company’s stock valued at $20,682,000 after acquiring an additional 638,082 shares during the last quarter. First Trust Capital Management L.P. raised its stake in Cantor Equity Partners III by 1,113.6% during the 4th quarter. First Trust Capital Management L.P. now owns 1,213,649 shares of the company’s stock valued at $12,379,000 after acquiring an additional 1,113,649 shares during the last quarter. Finally, Anson Funds Management LP raised its stake in Cantor Equity Partners III by 2.8% during the 3rd quarter. Anson Funds Management LP now owns 1,130,702 shares of the company’s stock valued at $11,669,000 after acquiring an additional 30,702 shares during the last quarter.
Analyst Upgrades and Downgrades
CAEP has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cantor Equity Partners III in a research report on Monday, December 29th. Wall Street Zen cut Cantor Equity Partners III from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Cantor Equity Partners III currently has an average rating of “Sell”.
Read Our Latest Report on CAEP
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.