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

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

ClimateRock Stock Performance

Shares of CLRC opened at $11.84 on Wednesday. ClimateRock has a 12 month low of $11.10 and a 12 month high of $12.35. The stock has a fifty day moving average price of $11.72 and a 200-day moving average price of $11.62.

Institutional Investors Weigh In On ClimateRock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glazer Capital LLC purchased a new stake in shares of ClimateRock during the second quarter worth about $150,000. Berkley W R Corp grew its position in ClimateRock by 13.3% during the 2nd quarter. Berkley W R Corp now owns 310,754 shares of the company’s stock worth $3,580,000 after purchasing an additional 36,444 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in ClimateRock during the 2nd quarter worth approximately $699,000. Logan Stone Capital LLC acquired a new position in ClimateRock during the 2nd quarter valued at approximately $1,138,000. Finally, Mizuho Securities USA LLC purchased a new position in shares of ClimateRock in the third quarter worth $3,353,000. 55.48% of the stock is currently owned by hedge funds and other institutional investors.

ClimateRock Company Profile

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.