Kadem Sustainable Impact Co. (NASDAQ:KSI – Get Rating) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 135,500 shares, a decrease of 12.7% from the July 31st total of 155,200 shares. Currently, 0.8% of the company's stock are short sold. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of Kadem Sustainable Impact

Several institutional investors and hedge funds have recently made changes to their positions in the company. Basso Capital Management L.P. grew its position in Kadem Sustainable Impact by 1.1% in the 1st quarter. Basso Capital Management L.P. now owns 523,263 shares of the company's stock worth $5,102,000 after purchasing an additional 5,875 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Kadem Sustainable Impact by 66.0% during the second quarter. Goldman Sachs Group Inc. now owns 503,094 shares of the company's stock valued at $4,905,000 after acquiring an additional 200,000 shares during the last quarter. Aristeia Capital LLC purchased a new stake in shares of Kadem Sustainable Impact during the first quarter valued at approximately $4,875,000. Cubist Systematic Strategies LLC boosted its position in Kadem Sustainable Impact by 2,789.6% in the second quarter. Cubist Systematic Strategies LLC now owns 356,662 shares of the company's stock worth $3,477,000 after purchasing an additional 344,319 shares during the last quarter. Finally, Saba Capital Management L.P. boosted its position in Kadem Sustainable Impact by 0.9% in the first quarter. Saba Capital Management L.P. now owns 312,531 shares of the company's stock worth $3,047,000 after purchasing an additional 2,894 shares during the last quarter. Hedge funds and other institutional investors own 62.31% of the company's stock.

Kadem Sustainable Impact Price Performance

NASDAQ KSI opened at $9.82 on Thursday. The business has a fifty day simple moving average of $9.80 and a 200 day simple moving average of $9.77. Kadem Sustainable Impact has a 12 month low of $9.61 and a 12 month high of $9.85.

About Kadem Sustainable Impact

Kadem Sustainable Impact Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the business of electric vehicle, energy storage and distribution, and mobility technologies.

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