Corner Growth Acquisition Corp. 2 (NASDAQ:TRON – Get Rating) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 10,500 shares, a growth of 556.3% from the December 31st total of 1,600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC bought a new stake in shares of Corner Growth Acquisition Corp. 2 in the 3rd quarter worth approximately $1,996,000. Berkley W R Corp grew its stake in shares of Corner Growth Acquisition Corp. 2 by 126.4% during the 2nd quarter. Berkley W R Corp now owns 223,911 shares of the company's stock worth $2,253,000 after acquiring an additional 125,001 shares during the period. Fir Tree Capital Management LP purchased a new stake in Corner Growth Acquisition Corp. 2 in the 1st quarter worth about $2,985,000. Goldman Sachs Group Inc. bought a new stake in Corner Growth Acquisition Corp. 2 in the 1st quarter valued at about $175,000. Finally, Woodline Partners LP bought a new position in Corner Growth Acquisition Corp. 2 during the second quarter worth about $143,000. 58.72% of the stock is currently owned by hedge funds and other institutional investors.
Get Corner Growth Acquisition Corp. 2 alerts:Corner Growth Acquisition Corp. 2 Stock Down 0.1 %
Shares of Corner Growth Acquisition Corp. 2 stock opened at $10.33 on Friday. Corner Growth Acquisition Corp. 2 has a 1 year low of $9.71 and a 1 year high of $11.80. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $10.25.
About Corner Growth Acquisition Corp. 2
(Get Rating)Corner Growth Acquisition Corp. 2 does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets in the technology sector. The company was incorporated in 2021 and is based in Palo Alto, California.
Read More
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