Colombier Acquisition Corp. (NYSE:CLBR – Get Rating) was the target of a large increase in short interest during 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 daily volume of 13,500 shares, the short-interest ratio is presently 0.4 days.

Colombier Acquisition Stock Up 0.2 %

CLBR stock traded up $0.02 during midday trading on Friday, reaching $9.84. 4,282 shares of the company's stock traded hands, compared to its average volume of 16,151. Colombier Acquisition has a 52-week low of $9.59 and a 52-week high of $9.98. The stock's 50-day moving average is $9.77 and its 200 day moving average is $9.74.

Hedge Funds Weigh In On Colombier Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in CLBR. Karpus Management Inc. purchased a new stake in Colombier Acquisition in the second quarter worth $217,000. Piper Sandler & CO. bought a new position in Colombier Acquisition in the first quarter worth approximately $242,000. Landscape Capital Management L.L.C. lifted its stake in shares of Colombier Acquisition by 7.4% during the 1st quarter. Landscape Capital Management L.L.C. now owns 25,557 shares of the company's stock worth $247,000 after purchasing an additional 1,759 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Colombier Acquisition in the 2nd quarter valued at about $275,000. Finally, OTA Financial Group L.P. acquired a new position in shares of Colombier Acquisition during the third quarter worth $278,000. 60.96% of the stock is owned by hedge funds and other institutional investors.

Colombier Acquisition Company Profile

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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