CSLM Acquisition Corp. (NASDAQ:CSLM) Short Interest Down 50.0% in October

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

Institutional Investors Weigh In On CSLM Acquisition

Several hedge funds have recently bought and sold shares of CSLM. Mizuho Securities USA LLC lifted its position in CSLM Acquisition by 11.4% in the 1st quarter. Mizuho Securities USA LLC now owns 355,494 shares of the company’s stock worth $3,893,000 after buying an additional 36,379 shares in the last quarter. 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. Berkley W R Corp increased its position in CSLM Acquisition by 127.8% in the 1st quarter. Berkley W R Corp now owns 696,357 shares of the company’s stock worth $7,688,000 after purchasing an additional 390,677 shares during the last quarter. Spartan Fund Management Inc. raised its stake in shares of CSLM Acquisition by 72.4% during the 2nd quarter. Spartan Fund Management Inc. now owns 20,253 shares of the company’s stock worth $228,000 after purchasing an additional 8,508 shares in the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in shares of CSLM Acquisition during the 2nd quarter valued at about $1,172,000. 46.80% of the stock is owned by hedge funds and other institutional investors.

CSLM Acquisition Price Performance

Shares of CSLM stock remained flat at $11.35 during trading hours on Wednesday. 1 shares of the stock were exchanged, compared to its average volume of 1,767. The firm has a fifty day moving average of $11.31 and a two-hundred day moving average of $11.26. CSLM Acquisition has a twelve month low of $10.79 and a twelve month 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.