Corner Growth Acquisition Corp. (NASDAQ:COOL) Short Interest Up 115.4% in April

Corner Growth Acquisition Corp. (NASDAQ:COOL) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 2,800 shares, an increase of 115.4% from the March 31st total of 1,300 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On Corner Growth Acquisition

A hedge fund recently bought a new stake in Corner Growth Acquisition stock. Cowen AND Company LLC bought a new position in Corner Growth Acquisition Corp. (NASDAQ:COOL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 Securities and Exchange Commission. 1.62% of the stock is owned by institutional investors and hedge funds.

Corner Growth Acquisition Price Performance

NASDAQ:COOL remained flat at $11.34 on Friday. 5 shares of the company’s stock traded hands, compared to its average volume of 636. The stock has a fifty day moving average price of $11.06 and a two-hundred day moving average price of $10.90. Corner Growth Acquisition has a 12 month low of $10.11 and a 12 month 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.