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

Hedge Funds Weigh In On Colombier Acquisition

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

Colombier Acquisition Price Performance

NYSE CLBR traded up $0.01 during mid-day trading on Monday, reaching $9.75. 3,100 shares of the company's stock traded hands, compared to its average volume of 40,191. The company has a fifty day simple moving average of $9.73 and a 200-day simple moving average of $9.70. Colombier Acquisition has a 1-year low of $9.59 and a 1-year high of $9.90.

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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