CSLM Acquisition Corp. (NASDAQ:CSLM – Get Free Report) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 400 shares, an increase of 100.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.
Hedge Funds Weigh In On CSLM Acquisition
Institutional investors and hedge funds have recently bought and sold shares of the stock. Spartan Fund Management Inc. grew its stake in shares of CSLM Acquisition by 72.4% during the 2nd quarter. Spartan Fund Management Inc. now owns 20,253 shares of the company’s stock valued at $228,000 after buying an additional 8,508 shares during the period. K2 Principal Fund L.P. acquired a new stake in CSLM Acquisition in the 2nd quarter valued at $1,172,000. Finally, Logan Stone Capital LLC purchased a new position in CSLM Acquisition in the second quarter valued at about $1,571,000. Institutional investors and hedge funds own 46.80% of the company’s stock.
CSLM Acquisition Price Performance
Shares of NASDAQ CSLM remained flat at $11.35 on Thursday. 3 shares of the stock were exchanged, compared to its average volume of 1,769. The firm’s fifty day moving average is $11.32 and its 200 day moving average is $11.27. CSLM Acquisition has a one year low of $10.79 and a one year high of $12.42.
About CSLM Acquisition
CSLM Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on companies operating in the technology, digital media, e-commerce, financial technology, or digital services sectors.
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