Kairous Acquisition Corp. Limited (NASDAQ:KACL – Get Rating) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 300 shares, a drop of 40.0% from the July 15th total of 500 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Kairous Acquisition
A number of large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new stake in Kairous Acquisition in the 1st quarter worth $2,775,000. RiverPark Advisors LLC bought a new stake in Kairous Acquisition in the 1st quarter worth $992,000. Context Capital Management LLC bought a new stake in Kairous Acquisition in the 1st quarter worth $1,786,000. Karpus Management Inc. bought a new stake in Kairous Acquisition in the 1st quarter worth $952,000. Finally, MMCAP International Inc. SPC bought a new stake in Kairous Acquisition in the 1st quarter worth $1,887,000. Hedge funds and other institutional investors own 12.19% of the company's stock.
Get Kairous Acquisition alerts:Kairous Acquisition Stock Performance
NASDAQ:KACL remained flat at $10.00 during trading hours on Friday. 2 shares of the company were exchanged, compared to its average volume of 4,142. The company's 50-day moving average price is $9.97. Kairous Acquisition has a one year low of $9.80 and a one year high of $10.01.
About Kairous Acquisition
(Get Rating)Kairous Acquisition Corp. Limited focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on opportunities in Asia excluding China. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
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