CSLM Acquisition Corp. (NASDAQ:CSLM – Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 3,100 shares, a growth of 93.8% from the February 29th total of 1,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,700 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of CSLM Acquisition
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Spartan Fund Management Inc. acquired a new stake in CSLM Acquisition in the 3rd quarter valued at approximately $122,000. State Street Corp purchased a new position in CSLM Acquisition in the 2nd quarter valued at approximately $154,000. Virtu Financial LLC purchased a new stake in shares of CSLM Acquisition during the 4th quarter worth $194,000. Meteora Capital LLC purchased a new stake in shares of CSLM Acquisition during the 3rd quarter worth $277,000. Finally, Sea Otter Advisors LLC purchased a new stake in shares of CSLM Acquisition during the 1st quarter worth $580,000. Institutional investors and hedge funds own 46.80% of the company’s stock.
CSLM Acquisition Trading Down 0.0 %
CSLM traded down $0.01 during trading on Thursday, reaching $11.04. The company’s stock had a trading volume of 2,865 shares, compared to its average volume of 46,772. The firm has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $10.85. CSLM Acquisition has a 1 year low of $10.34 and a 1 year high of $11.76.
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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