Colombier Acquisition Corp. (NYSE:CLBR – Get Rating) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 18,900 shares, a decline of 12.9% from the November 30th total of 21,700 shares. Based on an average daily trading volume, of 23,300 shares, the days-to-cover ratio is presently 0.8 days.
Colombier Acquisition Stock Performance
NYSE CLBR traded up $0.02 on Wednesday, reaching $9.96. The stock had a trading volume of 47,728 shares, compared to its average volume of 36,914. The business has a 50 day moving average price of $9.87 and a 200 day moving average price of $9.79. Colombier Acquisition has a 1 year low of $9.59 and a 1 year high of $9.98.
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Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in Colombier Acquisition in the first quarter valued at about $4,835,000. Mangrove Partners grew its stake in Colombier Acquisition by 14.0% in the third quarter. Mangrove Partners now owns 234,125 shares of the company's stock valued at $2,285,000 after purchasing an additional 28,825 shares in the last quarter. Saba Capital Management L.P. purchased a new position in Colombier Acquisition in the first quarter valued at about $2,255,000. Verition Fund Management LLC purchased a new position in Colombier Acquisition in the second quarter valued at about $1,089,000. Finally, OTA Financial Group L.P. bought a new position in shares of Colombier Acquisition in the 3rd quarter valued at approximately $278,000. Hedge funds and other institutional investors own 66.36% of the company's stock.
About Colombier Acquisition
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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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