CSLM Acquisition Corp. (NASDAQ:CSLM) Sees Significant Growth in Short Interest

CSLM Acquisition Corp. (NASDAQ:CSLM) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 400 shares, a growth of 100.0% from the October 31st total of 200 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

CSLM Acquisition Stock Performance

CSLM stock remained flat at $11.35 during trading on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 1,376. CSLM Acquisition has a 1 year low of $10.79 and a 1 year high of $12.42. The firm’s 50-day simple moving average is $11.32 and its 200 day simple moving average is $11.28.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSLM. K2 Principal Fund L.P. acquired a new stake in CSLM Acquisition in the second quarter valued at $1,172,000. Logan Stone Capital LLC bought a new stake in CSLM Acquisition in the second quarter valued at about $1,571,000. Finally, Spartan Fund Management Inc. raised its stake in CSLM Acquisition by 72.4% during the second 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 in the last quarter. 46.80% of the stock is owned by hedge funds and other institutional investors.

CSLM Acquisition Company Profile

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.