Dynamix Corp III (NASDAQ:DNMX) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Dynamix Corp III (NASDAQ:DNMX – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,818 shares, a decline of 37.2% from the September 15th total of 7,677 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 63,831 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Dynamix Corp III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ABC Arbitrage SA bought a new position in shares of Dynamix Corp III in the first quarter valued at approximately $198,000. Gritstone Asset Management LLC acquired a new position in Dynamix Corp III in the 1st quarter valued at $496,000. Rivernorth Capital Management LLC acquired a new position in Dynamix Corp III in the 1st quarter valued at $744,000. Virtu Financial LLC bought a new position in Dynamix Corp III in the 4th quarter worth $1,086,000. Finally, Governors Lane LP bought a new position in Dynamix Corp III in the 4th quarter worth $1,484,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Dynamix Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Analysis on Dynamix Corp III

Dynamix Corp III Price Performance

NASDAQ:DNMX traded up $0.02 during trading hours on Friday, reaching $10.12. The company’s stock had a trading volume of 45,239 shares, compared to its average volume of 63,996. The company has a market cap of $236.10 million and a price-to-earnings ratio of 337.33. Dynamix Corp III has a one year low of $9.87 and a one year high of $10.11. The business’s 50-day moving average is $10.07 and its 200-day moving average is $10.02.

Dynamix Corp III (NASDAQ:DNMX – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter.

Dynamix Corp III Company Profile

(Get Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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