Kernel Group Holdings, Inc. (NASDAQ:KRNL) Sees Large Increase in Short Interest

Kernel Group Holdings, Inc. (NASDAQ:KRNL - Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 300 shares, an increase of 50.0% from the April 15th total of 200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 500 shares, the short-interest ratio is currently 0.6 days.

Kernel Group Price Performance

NASDAQ KRNL remained flat at $10.80 on Friday. The company's stock had a trading volume of 639 shares, compared to its average volume of 614. The business has a 50 day moving average price of $10.85 and a 200-day moving average price of $10.76. Kernel Group has a 12-month low of $10.19 and a 12-month high of $11.07.

Hedge Funds Weigh In On Kernel Group

Institutional investors have recently modified their holdings of the business. TrueMark Investments LLC acquired a new stake in Kernel Group in the fourth quarter valued at about $113,000. K2 Principal Fund L.P. acquired a new stake in shares of Kernel Group in the 4th quarter valued at approximately $1,120,000. Glazer Capital LLC grew its holdings in shares of Kernel Group by 1,082.5% during the 4th quarter. Glazer Capital LLC now owns 197,154 shares of the company's stock valued at $2,117,000 after purchasing an additional 180,482 shares during the last quarter. 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 worth $2,524,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Shaolin Capital Management LLC bought a new position in Kernel Group in the 3rd quarter valued at approximately $3,183,000. Institutional investors and hedge funds own 44.40% of the company's stock.

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. Kernel Group Holdings, Inc was incorporated in 2020 and is based in New York, New York.

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