Kismet Acquisition Three Corp. (NASDAQ:KIII – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 4,200 shares, a drop of 38.2% from the April 15th total of 6,800 shares. Based on an average daily trading volume, of 54,400 shares, the days-to-cover ratio is currently 0.1 days.
NASDAQ KIII opened at $9.77 on Friday. Kismet Acquisition Three has a 52-week low of $9.61 and a 52-week high of $9.85. The business’s 50-day moving average price is $9.78 and its 200 day moving average price is $9.74.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIII. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Kismet Acquisition Three during the third quarter worth about $4,687,000. Hsbc Holdings PLC acquired a new stake in Kismet Acquisition Three in the third quarter valued at about $608,000. Wolverine Asset Management LLC lifted its position in Kismet Acquisition Three by 35.3% in the third quarter. Wolverine Asset Management LLC now owns 69,011 shares of the company’s stock valued at $671,000 after purchasing an additional 17,999 shares during the period. Weiss Asset Management LP lifted its position in Kismet Acquisition Three by 30.3% in the third quarter. Weiss Asset Management LP now owns 375,822 shares of the company’s stock valued at $3,661,000 after purchasing an additional 87,400 shares during the period. Finally, Periscope Capital Inc. acquired a new stake in Kismet Acquisition Three in the third quarter valued at about $6,798,000. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Kismet Acquisition Three Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Newark, Delaware.
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