Short Interest in Kernel Group Holdings, Inc. (NASDAQ:KRNL) Declines By 77.8%

Kernel Group Holdings, Inc. (NASDAQ:KRNL - Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 200 shares, a decline of 77.8% from the March 15th total of 900 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Kernel Group Stock Down 0.6 %

Shares of NASDAQ:KRNL traded down $0.07 during trading on Wednesday, hitting $10.76. 303 shares of the company were exchanged, compared to its average volume of 437. Kernel Group has a 1-year low of $10.19 and a 1-year high of $11.07. The business's 50 day moving average is $10.82 and its 200-day moving average is $10.72.

Institutional Trading of Kernel Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Glazer Capital LLC increased its position in Kernel Group by 1,082.5% in the 4th quarter. Glazer Capital LLC now owns 197,154 shares of the company's stock valued at $2,117,000 after acquiring an additional 180,482 shares during the period. K2 Principal Fund L.P. bought a new position in shares of Kernel Group during the fourth quarter worth about $1,120,000. Kim LLC increased its position in Kernel Group by 27.0% during the 4th quarter. Kim LLC now owns 235,000 shares of the company's stock valued at $2,524,000 after purchasing an additional 50,000 shares during the period. Mizuho Securities USA LLC raised its holdings in Kernel Group by 22.8% during the 4th quarter. Mizuho Securities USA LLC now owns 540,110 shares of the company's stock worth $5,752,000 after purchasing an additional 100,158 shares during the last quarter. Finally, Cowen AND Company LLC lifted its position in shares of Kernel Group by 10.6% in the 4th quarter. Cowen AND Company LLC now owns 367,822 shares of the company's stock worth $3,950,000 after purchasing an additional 35,304 shares during the period. 44.40% of the stock is currently owned by institutional investors.

Kernel Group Company Profile

Kernel Group Holdings, Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and manage a business in the commerce enablement, supply chain, logistics and related technology infrastructure sectors.

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