Corner Growth Acquisition Corp. (NASDAQ:COOL) Sees Large Growth in Short Interest

Corner Growth Acquisition Corp. (NASDAQ:COOL - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a growth of 28.6% from the February 29th total of 700 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Corner Growth Acquisition

A number of hedge funds have recently modified their holdings of COOL. Citigroup Inc. purchased a new stake in shares of Corner Growth Acquisition in the first quarter worth about $225,000. Bank of Montreal Can raised its holdings in Corner Growth Acquisition by 5.2% in the 1st quarter. Bank of Montreal Can now owns 100,000 shares of the company's stock worth $982,000 after purchasing an additional 4,923 shares during the period. Basso Capital Management L.P. raised its holdings in Corner Growth Acquisition by 4.2% in the 1st quarter. Basso Capital Management L.P. now owns 147,828 shares of the company's stock worth $1,452,000 after purchasing an additional 5,970 shares during the period. Sculptor Capital LP raised its holdings in Corner Growth Acquisition by 57.5% in the 1st quarter. Sculptor Capital LP now owns 461,528 shares of the company's stock worth $4,532,000 after purchasing an additional 168,503 shares during the period. Finally, Jane Street Group LLC raised its holdings in Corner Growth Acquisition by 1.5% in the 1st quarter. Jane Street Group LLC now owns 188,001 shares of the company's stock worth $1,846,000 after purchasing an additional 2,771 shares during the period. Hedge funds and other institutional investors own 1.62% of the company's stock.

Corner Growth Acquisition Stock Up 0.1 %

Shares of COOL traded up $0.01 during mid-day trading on Friday, reaching $11.00. The company had a trading volume of 1,039 shares, compared to its average volume of 1,069. Corner Growth Acquisition has a 52-week low of $10.05 and a 52-week high of $15.00. The stock has a 50 day moving average of $10.85 and a two-hundred day moving average of $10.85.

About Corner Growth Acquisition

Corner Growth Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Palo Alto, California.