Short Interest in ClimateRock (NASDAQ:CLRC) Drops By 33.3%

ClimateRock (NASDAQ:CLRC) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 200 shares, a drop of 33.3% from the February 13th total of 300 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

ClimateRock Price Performance

NASDAQ:CLRC traded down $0.20 during trading hours on Friday, hitting $11.93. 1,600 shares of the company’s stock traded hands, compared to its average volume of 1,865. ClimateRock has a 52 week low of $11.23 and a 52 week high of $12.35. The business’s fifty day simple moving average is $11.93 and its two-hundred day simple moving average is $11.74.

Institutional Investors Weigh In On ClimateRock

Large investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC boosted its holdings in shares of ClimateRock by 40.3% in the 4th quarter. Mizuho Securities USA LLC now owns 408,381 shares of the company’s stock worth $4,778,000 after purchasing an additional 117,351 shares in the last quarter. Harraden Circle Investments LLC purchased a new position in shares of ClimateRock in the 4th quarter worth about $1,391,000. Finally, Toronto Dominion Bank purchased a new position in shares of ClimateRock in the 4th quarter worth about $2,482,000. Institutional investors own 55.48% of the company’s stock.

About ClimateRock

ClimateRock focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination within climate change, environment, renewable energy and emerging, and clean technologies.