Short Interest in ClimateRock (NASDAQ:CLRC) Expands By 2,400.0%

ClimateRock (NASDAQ:CLRC) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the December 15th total of 100 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

ClimateRock Price Performance

Shares of CLRC stock remained flat at $11.84 during trading hours on Monday. 43 shares of the stock traded hands, compared to its average volume of 25,788. ClimateRock has a 1-year low of $11.10 and a 1-year high of $12.35. The business’s 50-day moving average price is $11.71 and its two-hundred day moving average price is $11.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Glazer Capital LLC acquired a new stake in ClimateRock during the 2nd quarter worth approximately $150,000. Berkley W R Corp increased its position in ClimateRock by 13.3% during the 2nd quarter. Berkley W R Corp now owns 310,754 shares of the company’s stock worth $3,580,000 after purchasing an additional 36,444 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in ClimateRock in the second quarter valued at approximately $699,000. Logan Stone Capital LLC acquired a new stake in ClimateRock in the second quarter valued at approximately $1,138,000. Finally, Mizuho Securities USA LLC acquired a new stake in ClimateRock in the third quarter valued at approximately $3,353,000. 55.48% of the stock is currently owned by hedge funds and other institutional investors.

About ClimateRock

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.