Short Interest in Cantor Equity Partners III, Inc. (NASDAQ:CAEP) Increases By 1,023.9%

Key Points

• Short interest surged 1,023.9% to 59,341 shares as of March 31, representing about 0.2% of shares outstanding and a short-interest ratio of 0.7 days.
• A number of hedge funds have recently initiated or increased positions in CAEP, including PenderFund (up 80% to 7,200 shares) and new stakes from Mercuria, Fort Baker, Gabelli, and FNY Investment Advisers.
• Shares traded flat at $10.33 with intraday volume (~361,052) well above average, while analyst coverage is negative — recent downgrades and a consensus rating of "Sell".

Cantor Equity Partners III, Inc. (NASDAQ:CAEP - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 59,341 shares, an increase of 1,023.9% from the March 15th total of 5,280 shares. Based on an average trading volume of 81,891 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Cantor Equity Partners III

A number of hedge funds have recently modified their holdings of CAEP. PenderFund Capital Management Ltd. boosted its stake in shares of Cantor Equity Partners III by 80.0% in the fourth quarter. PenderFund Capital Management Ltd. now owns 7,200 shares of the company's stock valued at $73,000 after purchasing an additional 3,200 shares during the period. Mercuria Capital Strategies LLC acquired a new stake in Cantor Equity Partners III in the fourth quarter valued at approximately $98,000. Fort Baker Capital Management LP acquired a new stake in Cantor Equity Partners III during the second quarter worth approximately $106,000. Gabelli Funds LLC acquired a new stake in Cantor Equity Partners III during the second quarter worth approximately $118,000. Finally, FNY Investment Advisers LLC boosted its position in shares of Cantor Equity Partners III by 43.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 11,997 shares of the company's stock valued at $123,000 after purchasing an additional 3,662 shares during the period.

Cantor Equity Partners III Price Performance

Shares of NASDAQ CAEP remained flat at $10.33 during mid-day trading on Friday. 361,052 shares of the stock were exchanged, compared to its average volume of 93,013. The business has a fifty day simple moving average of $10.26 and a 200-day simple moving average of $10.31. Cantor Equity Partners III has a 1-year low of $10.17 and a 1-year high of $11.09.

Cantor Equity Partners III (NASDAQ:CAEP - Get Free Report) last issued its earnings results on Monday, March 16th. The company reported $0.01 EPS for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen cut shares of Cantor Equity Partners III from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Weiss Ratings restated a "sell (e+)" rating on shares of Cantor Equity Partners III in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

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.

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