Chain Bridge I (NASDAQ:CBRG) Short Interest Down 95.5% in October

Chain Bridge I (NASDAQ:CBRG) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a drop of 95.5% from the September 30th total of 2,200 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Chain Bridge I Stock Performance

Shares of CBRG stock remained flat at $11.39 during mid-day trading on Friday. Chain Bridge I has a 1-year low of $10.77 and a 1-year high of $12.49. The stock’s 50-day simple moving average is $11.29 and its 200-day simple moving average is $11.25.

Chain Bridge I Company Profile

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.