Kernel Group Holdings, Inc. (NASDAQ:KRNL – Get Rating) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 46,300 shares, a growth of 37.4% from the August 15th total of 33,700 shares. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company's shares are short sold.

Institutional Trading of Kernel Group

A number of large investors have recently modified their holdings of the company. BCK Capital Management LP acquired a new stake in shares of Kernel Group during the first quarter worth approximately $445,000. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in Kernel Group by 64.4% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 49,559 shares of the company's stock worth $486,000 after buying an additional 19,410 shares in the last quarter. Tegean Capital Management LLC acquired a new stake in Kernel Group during the fourth quarter worth $488,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Kernel Group in the 1st quarter valued at $491,000. Finally, Walleye Capital LLC acquired a new stake in shares of Kernel Group in the 4th quarter valued at $529,000. Institutional investors and hedge funds own 70.99% of the company's stock.

Kernel Group Price Performance

NASDAQ KRNL remained flat at $9.93 during trading hours on Friday. 69 shares of the company's stock were exchanged, compared to its average volume of 105,056. The stock has a 50 day simple moving average of $9.87 and a 200 day simple moving average of $9.83. Kernel Group has a 12-month low of $9.67 and a 12-month high of $10.35.

Kernel Group Company Profile

Kernel Group Holdings, Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and manage a business in the commerce enablement, supply chain, logistics and related technology infrastructure sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Kernel Group (KRNL)
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