ClimateRock (NASDAQ:CLRC – Get Rating) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 100 shares, a drop of 50.0% from the January 15th total of 200 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On ClimateRock
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of ClimateRock in the second quarter valued at about $103,000. Skaana Management L.P. acquired a new stake in shares of ClimateRock in the second quarter valued at about $194,000. Spartan Fund Management Inc. acquired a new stake in shares of ClimateRock in the fourth quarter valued at about $205,000. Mizuho Securities USA LLC acquired a new stake in shares of ClimateRock in the fourth quarter valued at about $290,000. Finally, Saba Capital Management L.P. increased its stake in shares of ClimateRock by 8.6% in the third quarter. Saba Capital Management L.P. now owns 380,000 shares of the company's stock valued at $3,800,000 after buying an additional 30,000 shares during the period. Institutional investors and hedge funds own 64.60% of the company's stock.
Get ClimateRock alerts:ClimateRock Price Performance
ClimateRock stock traded up $0.04 during trading hours on Monday, hitting $10.32. The stock had a trading volume of 1,112 shares, compared to its average volume of 508. The business's 50 day simple moving average is $10.20 and its 200-day simple moving average is $10.09. ClimateRock has a one year low of $9.43 and a one year high of $10.32.
About ClimateRock
(Get Rating)ClimateRock focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination within climate change, environment, renewable energy and emerging, and clean technologies.
Further Reading
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