First Reserve Sustainable Growth Corp. (NASDAQ:FRSG – Get Rating) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 5,900 shares, an increase of 68.6% from the November 15th total of 3,500 shares. Based on an average daily trading volume, of 91,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Reserve Sustainable Growth

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Karpus Management Inc. acquired a new position in First Reserve Sustainable Growth in the first quarter valued at about $575,000. Verition Fund Management LLC acquired a new position in shares of First Reserve Sustainable Growth during the first quarter worth approximately $4,047,000. OMERS ADMINISTRATION Corp lifted its position in shares of First Reserve Sustainable Growth by 123.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 400,000 shares of the company's stock worth $3,900,000 after purchasing an additional 220,777 shares in the last quarter. Hartree Partners LP acquired a new position in shares of First Reserve Sustainable Growth during the second quarter worth approximately $1,710,000. Finally, OLD Mission Capital LLC lifted its position in shares of First Reserve Sustainable Growth by 6.9% during the second quarter. OLD Mission Capital LLC now owns 24,423 shares of the company's stock worth $239,000 after purchasing an additional 1,576 shares in the last quarter. 74.04% of the stock is currently owned by institutional investors and hedge funds.

First Reserve Sustainable Growth Price Performance

NASDAQ:FRSG traded up $0.01 on Tuesday, reaching $9.99. The stock had a trading volume of 50,101 shares, compared to its average volume of 111,248. First Reserve Sustainable Growth has a 1-year low of $9.71 and a 1-year high of $10.00. The stock has a fifty day moving average price of $9.93 and a 200-day moving average price of $9.85.

First Reserve Sustainable Growth Company Profile

First Reserve Sustainable Growth Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Stamford, Connecticut.

Further Reading

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