Short Interest in Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Drops By 97.2%

Key Points

• Short interest fell 97.2% in April to 1,658 shares from 59,341 on March 31, leaving a short-interest ratio of 0.0 days and 0.0% of shares sold short.
• Several institutional investors materially increased stakes—Harraden Circle Investments now owns about 2,004,067 shares (~$20.7M) and BCK Capital, Boothbay, Waratah and Fifth Lane also boosted their positions.
• Analyst sentiment is negative, with an average rating of "Sell"; Wall Street Zen downgraded CAEP to Sell and Weiss Ratings reiterated a Sell.

Cantor Equity Partners III, Inc. (NASDAQ:CAEP - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,658 shares, a drop of 97.2% from the March 31st total of 59,341 shares. Based on an average daily volume of 134,765 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BCK Capital Management LP grew its stake in Cantor Equity Partners III by 143.1% during the 3rd quarter. BCK Capital Management LP now owns 103,312 shares of the company's stock worth $1,066,000 after purchasing an additional 60,812 shares in the last quarter. Boothbay Fund Management LLC grew its stake in Cantor Equity Partners III by 333.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 216,667 shares of the company's stock worth $2,236,000 after purchasing an additional 166,667 shares in the last quarter. Waratah Capital Advisors Ltd. grew its stake in Cantor Equity Partners III by 1,677.6% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 177,756 shares of the company's stock worth $1,834,000 after purchasing an additional 167,756 shares in the last quarter. Harraden Circle Investments LLC grew 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 worth $20,682,000 after purchasing an additional 638,082 shares in the last quarter. Finally, Fifth Lane Capital LP boosted its position in shares of Cantor Equity Partners III by 25.4% during the 3rd quarter. Fifth Lane Capital LP now owns 313,524 shares of the company's stock worth $3,236,000 after acquiring an additional 63,524 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAEP. Wall Street Zen lowered Cantor Equity Partners III from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a "sell (e+)" rating on shares of Cantor Equity Partners III in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

Cantor Equity Partners III Trading Down 0.0%

Shares of NASDAQ CAEP traded down $0.01 during trading on Friday, reaching $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 fifty-two week low of $10.17 and a fifty-two week high of $11.09. The business'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 issued its quarterly earnings data on Monday, March 16th. The company reported $0.01 earnings per share for the quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.