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

Corner Growth Acquisition Corp. (NASDAQ:COOL) was the target of a large increase in short interest during 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Trading of Corner Growth Acquisition

A hedge fund recently bought a new stake in Corner Growth Acquisition stock. Cowen AND Company LLC bought a new stake in shares of Corner Growth Acquisition Corp. (NASDAQ:COOL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission. 1.62% of the stock is owned by institutional investors.

Corner Growth Acquisition Price Performance

NASDAQ:COOL remained flat at $11.34 during trading hours on Friday. The company’s stock had a trading volume of 5 shares, compared to its average volume of 710. Corner Growth Acquisition has a 1-year low of $10.11 and a 1-year high of $15.00. The company’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.