Colombier Acquisition Corp. (NYSE:CLBR – Get Rating) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,900 shares, a growth of 35.7% from the September 30th total of 1,400 shares. Based on an average trading volume of 13,900 shares, the short-interest ratio is currently 0.1 days.

Colombier Acquisition Trading Up 0.2 %

Shares of NYSE CLBR opened at $9.82 on Friday. The firm has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $9.73. Colombier Acquisition has a 52 week low of $9.59 and a 52 week high of $9.90.

Institutional Investors Weigh In On Colombier Acquisition

Hedge funds have recently modified their holdings of the business. Karpus Management Inc. purchased a new stake in shares of Colombier Acquisition in the second quarter valued at about $217,000. Piper Sandler & CO. purchased a new stake in shares of Colombier Acquisition in the first quarter valued at about $242,000. Landscape Capital Management L.L.C. grew its holdings in shares of Colombier Acquisition by 7.4% in the first quarter. Landscape Capital Management L.L.C. now owns 25,557 shares of the company's stock valued at $247,000 after purchasing an additional 1,759 shares during the period. Centiva Capital LP purchased a new stake in shares of Colombier Acquisition in the second quarter valued at about $275,000. Finally, OTA Financial Group L.P. purchased a new position in Colombier Acquisition during the third quarter worth about $278,000. 60.96% of the stock is currently owned by institutional investors and hedge funds.

About Colombier Acquisition

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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