First Reserve Sustainable Growth Corp. (NASDAQ:FRSG – Get Rating) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 317,200 shares, a growth of 5,276.3% from the November 30th total of 5,900 shares. Approximately 1.4% of the company's shares are short sold. Based on an average daily trading volume, of 95,600 shares, the days-to-cover ratio is presently 3.3 days.
First Reserve Sustainable Growth Stock Performance
FRSG stock opened at $10.05 on Thursday. The company's 50-day simple moving average is $9.96 and its 200 day simple moving average is $9.86. First Reserve Sustainable Growth has a 52 week low of $9.71 and a 52 week high of $10.05.
Get First Reserve Sustainable Growth alerts:Hedge Funds Weigh In On First Reserve Sustainable Growth
A number of hedge funds have recently bought and sold shares of FRSG. Verition Fund Management LLC bought a new stake in shares of First Reserve Sustainable Growth in the 1st quarter worth approximately $4,047,000. OMERS ADMINISTRATION Corp lifted its holdings 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 valued at $3,900,000 after purchasing an additional 220,777 shares during the last quarter. Hartree Partners LP purchased a new stake in shares of First Reserve Sustainable Growth in the second quarter worth $1,710,000. Wealthspring Capital LLC bought a new stake in First Reserve Sustainable Growth during the 2nd quarter valued at about $714,000. Finally, OTA Financial Group L.P. purchased a new position in shares of First Reserve Sustainable Growth in the second quarter worth $373,000. 73.56% of the stock is owned by hedge funds and other institutional investors.
About First Reserve Sustainable Growth
(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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