Kairous Acquisition Corp. Limited (NASDAQ:KACL – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the July 31st total of 300 shares. Based on an average daily trading volume, of 8,600 shares, the short-interest ratio is presently 0.0 days.
Kairous Acquisition Stock Performance
Shares of KACL stock remained flat at $10.03 on Friday. Kairous Acquisition has a twelve month low of $9.80 and a twelve month high of $10.03. The company has a 50 day moving average of $9.98 and a two-hundred day moving average of $9.94.
Get Kairous Acquisition alerts:Institutional Investors Weigh In On Kairous Acquisition
A number of large investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. bought a new stake in Kairous Acquisition in the 1st quarter worth $5,698,000. Karpus Management Inc. lifted its position in shares of Kairous Acquisition by 222.1% in the 2nd quarter. Karpus Management Inc. now owns 309,750 shares of the company's stock worth $3,082,000 after purchasing an additional 213,575 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Kairous Acquisition in the 1st quarter worth about $2,775,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Kairous Acquisition in the 1st quarter worth about $2,480,000. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Kairous Acquisition in the 1st quarter worth about $1,887,000. Institutional investors own 12.19% of the company's stock.
Kairous Acquisition Company Profile
(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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