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First Reserve Sustainable Growth Corp. (NASDAQ:FRSG) Sees Significant Increase in Short Interest

Financial News Live ·  Sep 19, 2022 23:41

First Reserve Sustainable Growth Corp. (NASDAQ:FRSG – Get Rating) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,400 shares, a growth of 15.8% from the August 15th total of 3,800 shares. Based on an average trading volume of 99,300 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new position in First Reserve Sustainable Growth in the 1st quarter valued at approximately $101,000. Ergoteles LLC acquired a new position in First Reserve Sustainable Growth in the 1st quarter valued at approximately $158,000. OLD Mission Capital LLC increased its stake in First Reserve Sustainable Growth by 6.9% in the 2nd quarter. OLD Mission Capital LLC now owns 24,423 shares of the company's stock valued at $239,000 after buying an additional 1,576 shares during the period. Ursa Fund Management LLC acquired a new position in First Reserve Sustainable Growth in the 1st quarter valued at approximately $244,000. Finally, OTA Financial Group L.P. acquired a new position in First Reserve Sustainable Growth in the 2nd quarter valued at approximately $373,000. Institutional investors and hedge funds own 74.04% of the company's stock.

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First Reserve Sustainable Growth Stock Down 0.1 %

Shares of FRSG stock traded down $0.01 during trading hours on Monday, reaching $9.82. 25,609 shares of the stock traded hands, compared to its average volume of 112,454. First Reserve Sustainable Growth has a 1-year low of $9.71 and a 1-year high of $10.22. The business has a fifty day moving average price of $9.82 and a 200 day moving average price of $9.79.

First Reserve Sustainable Growth Company Profile

(Get Rating)

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.

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