Kismet Acquisition Three Corp. (NASDAQ:KIII) Short Interest Down 38.2% in April

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.

About Kismet Acquisition Three (Get Rating)

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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