Short Interest in Corner Growth Acquisition Corp. 2 (NASDAQ:TRON) Declines By 35.0%

Corner Growth Acquisition Corp. 2 (NASDAQ:TRON) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 1,300 shares, a decline of 35.0% from the May 31st total of 2,000 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 2.6 days.

Corner Growth Acquisition Corp. 2 Price Performance

Shares of NASDAQ:TRON remained flat at $12.30 during trading on Friday. 43 shares of the stock traded hands, compared to its average volume of 448. The company’s fifty day moving average is $11.88 and its 200-day moving average is $11.62. Corner Growth Acquisition Corp. 2 has a 12 month low of $10.80 and a 12 month high of $17.90.

Institutional Investors Weigh In On Corner Growth Acquisition Corp. 2

An institutional investor recently bought a new position in Corner Growth Acquisition Corp. 2 stock. Cowen AND Company LLC bought a new position in Corner Growth Acquisition Corp. 2 (NASDAQ:TRON) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 93,878 shares of the company’s stock, valued at approximately $1,091,000. Cowen AND Company LLC owned approximately 1.41% of Corner Growth Acquisition Corp. 2 as of its most recent SEC filing. Institutional investors and hedge funds own 28.03% of the company’s stock.

About Corner Growth Acquisition Corp. 2

Corner Growth Acquisition Corp. 2 does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination. It intends to acquire businesses or assets in the technology sector. The company was incorporated in 2021 and is based in Palo Alto, California.