Kadem Sustainable Impact Co. (NASDAQ:KSI – Get Rating) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 6,800 shares, a decrease of 10.5% from the November 15th total of 7,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 40,000 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Kadem Sustainable Impact
Several large investors have recently added to or reduced their stakes in KSI. Marshall Wace LLP grew its stake in shares of Kadem Sustainable Impact by 43.5% in the 3rd quarter. Marshall Wace LLP now owns 657,719 shares of the company's stock valued at $6,465,000 after purchasing an additional 199,502 shares during the period. Basso Capital Management L.P. grew its stake in shares of Kadem Sustainable Impact by 1.1% in the 1st quarter. Basso Capital Management L.P. now owns 523,263 shares of the company's stock valued at $5,102,000 after purchasing an additional 5,875 shares during the period. Periscope Capital Inc. grew its stake in shares of Kadem Sustainable Impact by 10.6% in the 3rd quarter. Periscope Capital Inc. now owns 508,071 shares of the company's stock valued at $4,990,000 after purchasing an additional 48,671 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Kadem Sustainable Impact by 66.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 503,094 shares of the company's stock valued at $4,905,000 after purchasing an additional 200,000 shares during the period. Finally, Aristeia Capital LLC bought a new stake in shares of Kadem Sustainable Impact in the 1st quarter valued at approximately $4,875,000. Institutional investors and hedge funds own 62.31% of the company's stock.
Get Kadem Sustainable Impact alerts:Kadem Sustainable Impact Stock Down 0.1 %
Kadem Sustainable Impact stock opened at $9.97 on Tuesday. The business has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $9.85. Kadem Sustainable Impact has a 12 month low of $9.65 and a 12 month high of $9.99.
About Kadem Sustainable Impact
(Get Rating)Kadem Sustainable Impact Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the business of electric vehicle, energy storage and distribution, and mobility technologies.
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