CSLM Acquisition Corp. (NASDAQ:CSLM) Sees Significant Drop in Short Interest

CSLM Acquisition Corp. (NASDAQ:CSLM) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decline of 50.0% from the October 15th total of 400 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is presently 0.1 days.

CSLM Acquisition Price Performance

NASDAQ:CSLM remained flat at $11.35 during mid-day trading on Wednesday. The company had a trading volume of 1 shares, compared to its average volume of 1,767. The firm’s 50 day moving average price is $11.31 and its 200 day moving average price is $11.26. CSLM Acquisition has a 1 year low of $10.79 and a 1 year high of $12.42.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Spartan Fund Management Inc. raised its stake in shares of CSLM Acquisition by 72.4% in the 2nd quarter. Spartan Fund Management Inc. now owns 20,253 shares of the company’s stock valued at $228,000 after purchasing an additional 8,508 shares during the period. K2 Principal Fund L.P. bought a new stake in CSLM Acquisition during the 2nd quarter worth about $1,172,000. Logan Stone Capital LLC bought a new position in shares of CSLM Acquisition in the 2nd quarter valued at about $1,571,000. Periscope Capital Inc. grew its stake in CSLM Acquisition by 0.6% in the first quarter. Periscope Capital Inc. now owns 352,132 shares of the company’s stock valued at $3,888,000 after purchasing an additional 2,236 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of CSLM Acquisition by 11.4% in the first quarter. Mizuho Securities USA LLC now owns 355,494 shares of the company’s stock valued at $3,893,000 after buying an additional 36,379 shares in the last quarter. Institutional investors own 46.80% of the company’s stock.

CSLM Acquisition Company Profile

CSLM Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on companies operating in the technology, digital media, e-commerce, financial technology, or digital services sectors.