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

Corner Growth Acquisition Corp. (NASDAQ:COOL - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,000 shares, a decrease of 64.3% from the April 15th total of 2,800 shares. Approximately 0.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Corner Growth Acquisition

A hedge fund recently bought a new stake in Corner Growth Acquisition stock. Cowen AND Company LLC purchased a new stake in Corner Growth Acquisition Corp. (NASDAQ:COOL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 22,498 shares of the company's stock, valued at approximately $240,000. Cowen AND Company LLC owned 0.22% of Corner Growth Acquisition as of its most recent filing with the SEC. Institutional investors and hedge funds own 1.62% of the company's stock.

Corner Growth Acquisition Stock Performance

Shares of COOL stock traded up $0.27 during mid-day trading on Friday, hitting $11.37. 1,226 shares of the stock traded hands, compared to its average volume of 1,231. The stock's fifty day moving average is $11.18 and its two-hundred day moving average is $10.93. Corner Growth Acquisition has a 52-week low of $10.11 and a 52-week high of $15.00.

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.