Corner Growth Acquisition Corp. 2 (NASDAQ:TRON – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,300 shares, a drop of 35.0% from the May 31st total of 2,000 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 2.6 days.
Corner Growth Acquisition Corp. 2 Price Performance
Corner Growth Acquisition Corp. 2 stock remained flat at $12.30 during mid-day trading on Friday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 449. The company has a fifty day moving average of $11.90 and a 200 day moving average of $11.62. Corner Growth Acquisition Corp. 2 has a fifty-two week low of $10.80 and a fifty-two week high of $17.90.
Institutional Investors Weigh In On Corner Growth Acquisition Corp. 2
A hedge fund recently bought a new stake in Corner Growth Acquisition Corp. 2 stock. Cowen AND Company LLC bought a new position in shares of Corner Growth Acquisition Corp. 2 (NASDAQ:TRON – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 93,878 shares of the company’s stock, valued at approximately $1,091,000. Cowen AND Company LLC owned approximately 1.41% of Corner Growth Acquisition Corp. 2 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 28.03% of the company’s stock.
About Corner Growth Acquisition Corp. 2
Corner Growth Acquisition Corp. 2 does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination. It intends to acquire businesses or assets in the technology sector. The company was incorporated in 2021 and is based in Palo Alto, California.
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