Short Interest in ClimateRock (NASDAQ:CLRC) Expands By 2,400.0%

ClimateRock (NASDAQ:CLRC) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the December 15th total of 100 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On ClimateRock

Several institutional investors have recently bought and sold shares of CLRC. Mizuho Securities USA LLC acquired a new position in shares of ClimateRock during the 3rd quarter worth $3,353,000. Logan Stone Capital LLC acquired a new stake in ClimateRock in the 2nd quarter valued at about $1,138,000. K2 Principal Fund L.P. acquired a new stake in ClimateRock in the 2nd quarter valued at about $699,000. Glazer Capital LLC acquired a new stake in ClimateRock in the 2nd quarter valued at about $150,000. Finally, Berkley W R Corp grew its stake in ClimateRock by 13.3% in the 2nd quarter. Berkley W R Corp now owns 310,754 shares of the company’s stock valued at $3,580,000 after acquiring an additional 36,444 shares during the last quarter. 55.48% of the stock is owned by institutional investors and hedge funds.

ClimateRock Stock Performance

CLRC remained flat at $11.84 during trading on Monday. 43 shares of the company’s stock traded hands, compared to its average volume of 25,788. The business has a fifty day moving average of $11.71 and a 200-day moving average of $11.62. ClimateRock has a 12 month low of $11.10 and a 12 month high of $12.35.

About ClimateRock

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.