First Reserve Sustainable Growth Corp. (NASDAQ:FRSG – Get Rating) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 3,800 shares, a decline of 68.6% from the July 31st total of 12,100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 93,500 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On First Reserve Sustainable Growth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new position in First Reserve Sustainable Growth during the 1st quarter valued at $101,000. Ergoteles LLC acquired a new position in shares of First Reserve Sustainable Growth during the first quarter valued at about $158,000. Mariner Investment Group LLC bought a new stake in shares of First Reserve Sustainable Growth in the fourth quarter valued at about $198,000. OLD Mission Capital LLC raised its holdings in First Reserve Sustainable Growth by 6.9% in the 2nd quarter. OLD Mission Capital LLC now owns 24,423 shares of the company's stock valued at $239,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Ursa Fund Management LLC bought a new position in First Reserve Sustainable Growth in the first quarter worth $244,000. Institutional investors and hedge funds own 72.28% of the company's stock.

First Reserve Sustainable Growth Price Performance

Shares of NASDAQ FRSG opened at $9.79 on Friday. The business's 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.79. First Reserve Sustainable Growth has a 52 week low of $9.71 and a 52 week high of $10.22.

First Reserve Sustainable Growth Company Profile

First Reserve Sustainable Growth Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Stamford, Connecticut.

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