Colombier Acquisition Corp. (NYSE:CLBR – Get Rating) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,400 shares, an increase of 184.2% from the October 15th total of 1,900 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.4 days.

Colombier Acquisition Stock Down 0.2 %

NYSE CLBR opened at $9.82 on Friday. The business has a 50-day moving average price of $9.76 and a 200-day moving average price of $9.74. Colombier Acquisition has a twelve month low of $9.59 and a twelve month high of $9.90.

Hedge Funds Weigh In On Colombier Acquisition

A number of hedge funds have recently made changes to their positions in CLBR. Landscape Capital Management L.L.C. boosted its stake 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 worth $247,000 after acquiring an additional 1,759 shares during the period. Piper Sandler & CO. purchased a new stake in shares of Colombier Acquisition in the first quarter worth about $242,000. Saba Capital Management L.P. purchased a new stake in shares of Colombier Acquisition in the first quarter worth about $2,255,000. Bank of America Corp DE purchased a new stake in shares of Colombier Acquisition in the first quarter worth about $4,835,000. Finally, Karpus Management Inc. purchased a new stake in shares of Colombier Acquisition in the second quarter worth about $217,000. Institutional investors own 60.96% of the company's stock.

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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