Colombier Acquisition Corp. (NYSE:CLBR – Get Rating) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 6,400 shares, a growth of 6.7% from the July 15th total of 6,000 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is presently 0.7 days.

Colombier Acquisition Stock Up 0.1 %

Shares of NYSE:CLBR traded up $0.01 during midday trading on Monday, hitting $9.75. The company had a trading volume of 3,100 shares, compared to its average volume of 40,191. Colombier Acquisition has a 12 month low of $9.59 and a 12 month high of $9.90. The firm has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $9.70.

Hedge Funds Weigh In On Colombier Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. increased its stake in shares of Colombier Acquisition by 7.4% in the 1st quarter. Landscape Capital Management L.L.C. now owns 25,557 shares of the company's stock valued at $247,000 after acquiring an additional 1,759 shares during the last quarter. Corbyn Investment Management Inc. MD bought a new stake in Colombier Acquisition in the fourth quarter valued at approximately $215,000. Karpus Management Inc. bought a new stake in Colombier Acquisition in the second quarter valued at approximately $217,000. Piper Sandler & CO. bought a new stake in shares of Colombier Acquisition in the 1st quarter valued at $242,000. Finally, B. Riley Asset Management LLC acquired a new stake in Colombier Acquisition during the 4th quarter worth $578,000. Institutional investors own 59.32% of the company's stock.

About Colombier Acquisition

Colombier Acquisition Corp. does not have significant operations. It intends to effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Palm Beach, Florida.

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