Kairous Acquisition Corp. Limited (NASDAQ:KACL) Short Interest Up 116.7% in October

Kairous Acquisition Corp. Limited (NASDAQ:KACL) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,600 shares, an increase of 116.7% from the September 30th total of 1,200 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Kairous Acquisition

A hedge fund recently bought a new stake in Kairous Acquisition stock. Clear Street LLC bought a new stake in shares of Kairous Acquisition Corp. Limited (NASDAQ:KACL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,556 shares of the company’s stock, valued at approximately $67,000. Clear Street LLC owned 0.15% of Kairous Acquisition at the end of the most recent reporting period. Institutional investors and hedge funds own 36.35% of the company’s stock.

Kairous Acquisition Stock Performance

NASDAQ KACL remained flat at $12.38 during trading hours on Friday. 3 shares of the company traded hands, compared to its average volume of 11,225. The company’s 50-day moving average is $12.21 and its 200-day moving average is $12.04. Kairous Acquisition has a one year low of $10.94 and a one year high of $12.83.

Kairous Acquisition Company Profile

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.