Corner Growth Acquisition Corp. 2 (NASDAQ:TRON – Get Rating) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 14,200 shares, a growth of 32.7% from the February 28th total of 10,700 shares. Based on an average daily trading volume, of 16,900 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company's stock are short sold.
Corner Growth Acquisition Corp. 2 Price Performance
NASDAQ TRON remained flat at $10.59 during trading on Thursday. The company's stock had a trading volume of 312 shares, compared to its average volume of 3,460. The stock has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $10.37. Corner Growth Acquisition Corp. 2 has a 12 month low of $9.71 and a 12 month high of $11.80.
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Institutional Trading of Corner Growth Acquisition Corp. 2
A number of institutional investors have recently bought and sold shares of TRON. First Trust Capital Management L.P. acquired a new stake in shares of Corner Growth Acquisition Corp. 2 during the fourth quarter worth about $3,400,000. Fir Tree Capital Management LP acquired a new stake in shares of Corner Growth Acquisition Corp. 2 during the first quarter worth about $2,985,000. Castle Creek Arbitrage LLC acquired a new stake in shares of Corner Growth Acquisition Corp. 2 during the second quarter worth about $3,011,000. Meteora Capital LLC increased its position in shares of Corner Growth Acquisition Corp. 2 by 223.8% during the fourth quarter. Meteora Capital LLC now owns 296,697 shares of the company's stock worth $3,044,000 after purchasing an additional 205,073 shares in the last quarter. Finally, Berkley W R Corp increased its position in shares of Corner Growth Acquisition Corp. 2 by 126.4% during the second quarter. Berkley W R Corp now owns 223,911 shares of the company's stock worth $2,253,000 after purchasing an additional 125,001 shares in the last quarter. 58.72% of the stock is owned by hedge funds and other institutional investors.
About Corner Growth Acquisition Corp. 2
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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.
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