Kernel Group Holdings, Inc. (NASDAQ:KRNL) Short Interest Up 166.7% in July

Kernel Group Holdings, Inc. (NASDAQ:KRNL) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 800 shares, an increase of 166.7% from the June 30th total of 300 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Kernel Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC grew its position in shares of Kernel Group by 22.6% during the 4th quarter. Wolverine Asset Management LLC now owns 470,930 shares of the company’s stock valued at $5,058,000 after buying an additional 86,805 shares during the last quarter. Cowen AND Company LLC grew its holdings in shares of Kernel Group by 10.6% during the fourth quarter. Cowen AND Company LLC now owns 367,822 shares of the company’s stock valued at $3,950,000 after purchasing an additional 35,304 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Kernel Group by 22.8% during the 4th quarter. Mizuho Securities USA LLC now owns 540,110 shares of the company’s stock worth $5,752,000 after purchasing an additional 100,158 shares during the period. Kim LLC lifted its holdings in shares of Kernel Group by 27.0% in 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 during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Kernel Group during the 4th quarter valued at approximately $1,120,000. 44.40% of the stock is owned by institutional investors and hedge funds.

Kernel Group Stock Performance

Shares of NASDAQ KRNL remained flat at $11.10 during trading on Friday. The stock had a trading volume of 8,094 shares, compared to its average volume of 1,515. Kernel Group has a 1-year low of $10.19 and a 1-year high of $11.29. The stock has a 50 day simple moving average of $11.01 and a 200 day simple moving average of $10.88.

About Kernel Group

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.