Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Stock Price Up 0.1% – What’s Next?

Shares of Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) rose 0.1% on Friday . The company traded as high as $10.49 and last traded at $10.49. Approximately 54,456 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 33,909 shares. The stock had previously closed at $10.48.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Columbus Acquisition Corp/Cayman Islands in a report on Monday, January 26th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Price Performance

Institutional Trading of Columbus Acquisition Corp/Cayman Islands

Hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street Group Inc. lifted its position in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after acquiring an additional 71,844 shares during the period. HRT Financial LP purchased a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $172,000. Rivernorth Capital Management LLC increased its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after purchasing an additional 102,256 shares in the last quarter. Harraden Circle Investments LLC purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at approximately $5,794,000. Finally, Meteora Capital LLC purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at approximately $4,632,000.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.