Kairous Acquisition Corp. Limited (NASDAQ:KACL – Get Rating) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, an increase of 500.0% from the August 15th total of 100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,400 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG bought a new position in Kairous Acquisition during the 1st quarter worth approximately $30,000. Dakota Wealth Management acquired a new stake in shares of Kairous Acquisition during the 1st quarter worth approximately $217,000. Centiva Capital LP acquired a new stake in shares of Kairous Acquisition during the 2nd quarter worth approximately $232,000. Ayrton Capital LLC acquired a new stake in shares of Kairous Acquisition during the 1st quarter worth approximately $744,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Kairous Acquisition during the 1st quarter worth approximately $797,000. Institutional investors own 64.76% of the company's stock.
Get Kairous Acquisition alerts:Kairous Acquisition Stock Performance
Shares of KACL stock remained flat at $10.06 during trading on Tuesday. The stock has a 50-day moving average of $10.01 and a two-hundred day moving average of $9.96. Kairous Acquisition has a 1-year low of $9.80 and a 1-year high of $10.08.
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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