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

Kairous Acquisition Corp. Limited (NASDAQ:KACL) saw a significant increase in short interest during the month of 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 daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Kairous Acquisition Stock Performance

Shares of KACL stock remained flat at $12.38 during trading hours on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 11,225. The stock has a fifty day moving average price of $12.21 and a 200 day moving average price of $12.04. Kairous Acquisition has a 1-year low of $10.94 and a 1-year high of $12.83.

Institutional Trading of Kairous Acquisition

An institutional investor recently bought a new position in Kairous Acquisition stock. Berkley W R Corp purchased a new stake in Kairous Acquisition Corp. Limited (NASDAQ:KACL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 148,566 shares of the company’s stock, valued at approximately $1,747,000. Berkley W R Corp owned 4.04% of Kairous Acquisition as of its most recent SEC filing. Hedge funds and other institutional investors own 36.35% of the company’s stock.

About Kairous Acquisition

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.