ClimateRock (NASDAQ:CLRC) Sees Large Increase in Short Interest

ClimateRock (NASDAQ:CLRC) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,000 shares, an increase of 400.0% from the February 28th total of 200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of ClimateRock

Institutional investors and hedge funds have recently modified their holdings of the company. Mizuho Securities USA LLC lifted its holdings in shares of ClimateRock by 40.3% during the 4th quarter. Mizuho Securities USA LLC now owns 408,381 shares of the company’s stock worth $4,778,000 after acquiring an additional 117,351 shares during the period. Harraden Circle Investments LLC acquired a new position in ClimateRock in the fourth quarter worth about $1,391,000. Finally, Toronto Dominion Bank acquired a new position in ClimateRock in the fourth quarter worth about $2,482,000. 55.48% of the stock is currently owned by institutional investors.

ClimateRock Price Performance

ClimateRock stock traded up $0.20 during mid-day trading on Friday, reaching $12.12. The company had a trading volume of 222 shares, compared to its average volume of 18,236. The company has a 50 day moving average of $11.97 and a 200-day moving average of $11.77. ClimateRock has a 52 week low of $11.24 and a 52 week high of $12.35.

ClimateRock Company Profile

ClimateRock focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination within climate change, environment, renewable energy and emerging, and clean technologies.