CSLM Acquisition Corp. (NASDAQ:CSLM) Short Interest Up 93.8% in March

CSLM Acquisition Corp. (NASDAQ:CSLM) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,100 shares, a growth of 93.8% from the February 29th total of 1,600 shares. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

CSLM Acquisition Trading Down 0.0 %

Shares of NASDAQ CSLM traded down $0.01 during midday trading on Thursday, hitting $11.04. The company’s stock had a trading volume of 2,865 shares, compared to its average volume of 46,772. CSLM Acquisition has a 1-year low of $10.34 and a 1-year high of $11.76. The firm’s fifty day moving average price is $10.97 and its 200-day moving average price is $10.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Westchester Capital Management LLC boosted its holdings in shares of CSLM Acquisition by 3.9% in the 2nd quarter. Westchester Capital Management LLC now owns 928,698 shares of the company’s stock valued at $9,747,000 after buying an additional 35,000 shares during the period. Citadel Advisors LLC boosted its stake in CSLM Acquisition by 0.4% during the 2nd quarter. Citadel Advisors LLC now owns 878,649 shares of the company’s stock valued at $8,602,000 after purchasing an additional 3,649 shares during the period. Millennium Management LLC boosted its stake in CSLM Acquisition by 6.2% during the 2nd quarter. Millennium Management LLC now owns 846,450 shares of the company’s stock valued at $8,278,000 after purchasing an additional 49,500 shares during the period. Starboard Value LP acquired a new position in CSLM Acquisition during the 1st quarter valued at about $6,239,000. Finally, Polar Asset Management Partners Inc. acquired a new position in CSLM Acquisition during the 1st quarter valued at about $4,636,000. 46.80% of the stock is owned by institutional investors and hedge funds.

About CSLM Acquisition

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.