Cantor Equity Partners, Inc. (NASDAQ:CEPO) Sees Significant Decrease in Short Interest

Key Points

• Short interest fell 47.5% to 7,609 shares as of August 31, down from 14,495 shares on August 15. Shorted shares represented approximately 0.0% of the company’s outstanding stock.
• CEPO shares rose 0.1% to $10.76, near the upper end of their 52-week range of $8.22 to $10.97. The company reported quarterly EPS of $0.26.
• Institutional ownership activity was mixed, while analyst sentiment remained negative: MarketBeat reported a consensus “Sell” rating, despite one firm upgrading the stock to “Hold.”

Cantor Equity Partners, Inc. (NASDAQ:CEPO - Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 7,609 shares, a decrease of 47.5% from the August 15th total of 14,495 shares. Based on an average daily volume of 512,006 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Cantor Equity Partners Trading Up 0.1%

NASDAQ:CEPO traded up $0.01 during trading hours on Tuesday, reaching $10.76. 12,677 shares of the company traded hands, compared to its average volume of 95,800. The business's 50-day moving average price is $10.69 and its two-hundred day moving average price is $10.59. The stock has a market capitalization of $274.38 million, a P/E ratio of -37.10 and a beta of -0.05. Cantor Equity Partners has a 1 year low of $8.22 and a 1 year high of $10.97.

Cantor Equity Partners (NASDAQ:CEPO - Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEPO. SkyView Investment Advisors LLC purchased a new position in shares of Cantor Equity Partners in the 2nd quarter worth $1,550,000. Cannon Global Investment Management LLC increased its holdings in Cantor Equity Partners by 15.1% in the 1st quarter. Cannon Global Investment Management LLC now owns 118,000 shares of the company's stock worth $1,239,000 after acquiring an additional 15,500 shares in the last quarter. Lineage Point Capital LP purchased a new stake in Cantor Equity Partners in the 4th quarter worth approximately $124,000. L1 Global Manager Pty Ltd bought a new stake in Cantor Equity Partners during the 4th quarter worth approximately $524,000. Finally, BCK Capital Management LP lifted its holdings in Cantor Equity Partners by 221.9% during the fourth quarter. BCK Capital Management LP now owns 388,000 shares of the company's stock valued at $4,039,000 after purchasing an additional 267,468 shares in the last quarter.

Analyst Ratings Changes

CEPO has been the subject of a number of recent research reports. Wall Street Zen raised Cantor Equity Partners from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. Weiss Ratings lowered Cantor Equity Partners from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Cantor Equity Partners Company Profile

Cantor Equity Partners is a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald. Rather than operating a traditional business, the company was formed to raise capital through a public offering and pursue a merger, stock purchase, asset acquisition, reorganization, or similar business combination with one or more businesses.

As a blank-check company, Cantor Equity Partners does not manufacture products or provide ongoing commercial services of its own.

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