First Reserve Sustainable Growth Corp. (NASDAQ:FRSG – Get Rating) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 12,200 shares, a growth of 190.5% from the September 30th total of 4,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 104,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRSG. Wolverine Asset Management LLC bought a new position in First Reserve Sustainable Growth in the 1st quarter worth approximately $101,000. Ergoteles LLC bought a new position in First Reserve Sustainable Growth in the 1st quarter worth approximately $158,000. OLD Mission Capital LLC raised its holdings in shares of First Reserve Sustainable Growth by 6.9% during the 2nd quarter. OLD Mission Capital LLC now owns 24,423 shares of the company's stock worth $239,000 after acquiring an additional 1,576 shares in the last quarter. Ursa Fund Management LLC purchased a new stake in shares of First Reserve Sustainable Growth during the 1st quarter worth approximately $244,000. Finally, OTA Financial Group L.P. purchased a new stake in shares of First Reserve Sustainable Growth during the 2nd quarter worth approximately $373,000. 74.04% of the stock is currently owned by institutional investors.

First Reserve Sustainable Growth Trading Up 0.1 %

FRSG stock traded up $0.01 during midday trading on Friday, hitting $9.93. The company's stock had a trading volume of 250,000 shares, compared to its average volume of 131,441. First Reserve Sustainable Growth has a 12 month low of $9.71 and a 12 month high of $10.22. The company has a 50 day moving average of $9.84 and a two-hundred day moving average of $9.81.

About First Reserve Sustainable Growth

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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