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 days-to-cover ratio is currently 2.5 days.

Corner Growth Acquisition Price Performance

Shares of NASDAQ COOL remained flat at $11.34 during mid-day trading on Friday. The company had a trading volume of 5 shares, compared to its average volume of 710. Corner Growth Acquisition has a 12 month low of $10.11 and a 12 month high of $15.00. The firm’s fifty day simple moving average is $11.06 and its 200 day simple moving average is $10.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Corner Growth Acquisition stock. Cowen AND Company LLC acquired a new position in Corner Growth Acquisition Corp. (NASDAQ:COOL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,498 shares of the company’s stock, valued at approximately $240,000. Cowen AND Company LLC owned approximately 0.22% of Corner Growth Acquisition at the end of the most recent quarter. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Corner Growth Acquisition Company Profile

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.