CSLM Acquisition Corp. (NASDAQ:CSLM) Short Interest Up 100.0% in November

CSLM Acquisition Corp. (NASDAQ:CSLM) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, a growth of 100.0% from the October 31st total of 200 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSLM. Spartan Fund Management Inc. raised its holdings in shares of CSLM Acquisition by 72.4% in the second 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 last quarter. K2 Principal Fund L.P. bought a new position in shares of CSLM Acquisition during the 2nd quarter worth approximately $1,172,000. Finally, Logan Stone Capital LLC purchased a new position in shares of CSLM Acquisition in the 2nd quarter worth approximately $1,571,000. Institutional investors and hedge funds own 46.80% of the company’s stock.

CSLM Acquisition Stock Performance

NASDAQ:CSLM remained flat at $11.35 during trading hours on Friday. 1 shares of the company’s stock were exchanged, compared to its average volume of 1,376. The stock has a fifty day moving average price of $11.32 and a 200-day moving average price of $11.28. CSLM Acquisition has a 1-year low of $10.79 and a 1-year high of $12.42.

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.