Dynamix Corp III (NASDAQ:DNMX) Shares Shorted: Short Interest Down 37.2% in September

Key Points

• Short interest fell 37.2% to 4,818 shares as of September 30, representing 0.0% of shares outstanding and a short-interest ratio of 0.1 days.
• Analyst sentiment remains negative: Weiss Ratings upgraded DNMX from “sell (e+)” to “sell (d-),” while the sole covering analyst maintains a Sell rating.
• DNMX opened at $10.10, near its 52-week high, and reported quarterly EPS of $0.04. Several hedge funds also established new positions, although the company remains a blank-check firm without a selected merger target.

Dynamix Corp III (NASDAQ:DNMX - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 4,818 shares, a decline of 37.2% from the September 15th total of 7,677 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 63,831 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Dynamix Corp III from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of "Sell".

Dynamix Corp III Stock Performance

DNMX stock opened at $10.10 on Friday. The business has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.02. Dynamix Corp III has a fifty-two week low of $9.87 and a fifty-two week high of $10.10.

Dynamix Corp III (NASDAQ:DNMX - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. ABC Arbitrage SA purchased a new stake in Dynamix Corp III in the first quarter valued at $198,000. Gritstone Asset Management LLC acquired a new stake in shares of Dynamix Corp III during the first quarter worth about $496,000. Rivernorth Capital Management LLC acquired a new stake in shares of Dynamix Corp III during the first quarter worth about $744,000. Virtu Financial LLC purchased a new stake in shares of Dynamix Corp III in the 4th quarter valued at about $1,086,000. Finally, Governors Lane LP purchased a new stake in shares of Dynamix Corp III in the 4th quarter valued at about $1,484,000.

About Dynamix Corp III

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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