Kadem Sustainable Impact Co. (NASDAQ:KSI – Get Rating) saw a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 6,500 shares, a decline of 39.3% from the December 15th total of 10,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 45,900 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Kadem Sustainable Impact
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its holdings in shares of Kadem Sustainable Impact by 43.5% in the third 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. First Trust Capital Management L.P. acquired a new position in shares of Kadem Sustainable Impact in the third quarter valued at approximately $2,119,000. Cubist Systematic Strategies LLC increased its holdings in shares of Kadem Sustainable Impact by 9.3% in the third quarter. Cubist Systematic Strategies LLC now owns 389,786 shares of the company's stock valued at $3,828,000 after purchasing an additional 33,124 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Kadem Sustainable Impact by 167.1% in the third quarter. Wolverine Asset Management LLC now owns 53,260 shares of the company's stock valued at $523,000 after purchasing an additional 33,317 shares during the period. Finally, UBS Group AG grew its holdings in Kadem Sustainable Impact by 1,029.8% during the third quarter. UBS Group AG now owns 10,914 shares of the company's stock worth $107,000 after acquiring an additional 9,948 shares during the period. Hedge funds and other institutional investors own 67.23% of the company's stock.
Get Kadem Sustainable Impact alerts:Kadem Sustainable Impact Trading Up 0.1 %
Shares of NASDAQ KSI opened at $10.08 on Friday. Kadem Sustainable Impact has a twelve month low of $9.65 and a twelve month high of $10.09. The stock has a 50 day moving average of $9.99 and a two-hundred day moving average of $9.89.
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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