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

Kairous Acquisition Corp. Limited (NASDAQ:KACL) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, a decline of 23.5% from the March 31st total of 1,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Kairous Acquisition

Institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new stake in shares of Kairous Acquisition during the third quarter valued at approximately $1,409,000. Mizuho Securities USA LLC grew its position in Kairous Acquisition by 900.8% in the third quarter. Mizuho Securities USA LLC now owns 252,201 shares of the company’s stock valued at $2,837,000 after acquiring an additional 227,001 shares during the period. Finally, Shaolin Capital Management LLC grew its position in Kairous Acquisition by 250.0% in the third quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock valued at $3,375,000 after acquiring an additional 500,000 shares during the period. 36.35% of the stock is currently owned by institutional investors.

Kairous Acquisition Price Performance

Shares of KACL remained flat at $11.66 on Friday. Kairous Acquisition has a 52 week low of $10.67 and a 52 week high of $11.92. The company’s 50-day moving average is $11.69 and its 200-day moving average is $11.54.

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.