Corner Growth Acquisition Corp. (NASDAQ:COOL) Short Interest Up 115.4% in April

Corner Growth Acquisition Corp. (NASDAQ:COOL) saw a significant increase in short interest in the month of 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. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Corner Growth Acquisition stock. Cowen AND Company LLC acquired a new stake in Corner Growth Acquisition Corp. (NASDAQ:COOL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,498 shares of the company’s stock, valued at approximately $240,000. Cowen AND Company LLC owned about 0.22% of Corner Growth Acquisition as of its most recent SEC filing. 1.62% of the stock is owned by institutional investors.

Corner Growth Acquisition Stock 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 636. Corner Growth Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $15.00. The business’s 50 day moving average price is $11.06 and its 200 day moving average price is $10.90.

About Corner Growth Acquisition

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.