CSLM Acquisition Corp. (NASDAQ:CSLM) Sees Large Growth in Short Interest

CSLM Acquisition Corp. (NASDAQ:CSLM) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, an increase of 100.0% from the October 31st total of 200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CSLM. Logan Stone Capital LLC bought a new position in shares of CSLM Acquisition in the second quarter worth $1,571,000. K2 Principal Fund L.P. bought a new stake in CSLM Acquisition during the second quarter valued at $1,172,000. Finally, Spartan Fund Management Inc. grew its position in CSLM Acquisition by 72.4% during the second quarter. Spartan Fund Management Inc. now owns 20,253 shares of the company’s stock worth $228,000 after buying an additional 8,508 shares in the last quarter. Hedge funds and other institutional investors own 46.80% of the company’s stock.

CSLM Acquisition Price Performance

Shares of NASDAQ:CSLM remained flat at $11.35 during trading on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 1,376. CSLM Acquisition has a 12-month low of $10.79 and a 12-month high of $12.42. The firm’s 50-day moving average is $11.32 and its 200 day moving average is $11.28.

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.