Short Interest in Chain Bridge I (NASDAQ:CBRG) Expands By 340.0%

Chain Bridge I (NASDAQ:CBRG) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,200 shares, an increase of 340.0% from the September 15th total of 500 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Chain Bridge I

An institutional investor recently raised its position in Chain Bridge I stock. Berkley W R Corp lifted its stake in Chain Bridge I (NASDAQ:CBRG) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,176 shares of the company’s stock after purchasing an additional 20,282 shares during the quarter. Berkley W R Corp owned about 2.07% of Chain Bridge I worth $2,226,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 46.16% of the company’s stock.

Chain Bridge I Trading Up 0.1 %

Shares of CBRG traded up $0.01 on Friday, reaching $11.47. The stock had a trading volume of 18,910 shares, compared to its average volume of 8,837. Chain Bridge I has a 12-month low of $10.77 and a 12-month high of $12.49. The company has a 50-day simple moving average of $11.27 and a 200-day simple moving average of $11.24.

About Chain Bridge I

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.