Kairous Acquisition Corp. Limited (NASDAQ:KACL) Sees Significant Growth in Short Interest

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

Hedge Funds Weigh In On Kairous Acquisition

An institutional investor recently bought a new position in Kairous Acquisition stock. Clear Street LLC bought a new position in Kairous Acquisition Corp. Limited (NASDAQ:KACL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,556 shares of the company’s stock, valued at approximately $67,000. Clear Street LLC owned approximately 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 Trading Up 0.3 %

Shares of KACL traded up $0.04 during midday trading on Monday, hitting $12.38. The company’s stock had a trading volume of 374 shares, compared to its average volume of 13,804. The company’s fifty day simple moving average is $12.21 and its two-hundred day simple 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.