Kernel Group Holdings, Inc. (NASDAQ:KRNLW) Sees Large Increase in Short Interest

Kernel Group Holdings, Inc. (NASDAQ:KRNLW – Get Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 26,100 shares, an increase of 625.0% from the April 30th total of 3,600 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Kernel Group

An institutional investor recently bought a new position in Kernel Group stock. Highbridge Capital Management LLC purchased a new position in Kernel Group Holdings, Inc. (NASDAQ:KRNLW – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,363,751 shares of the company’s stock, valued at approximately $157,000.

Kernel Group Stock Performance

Kernel Group stock traded down $0.00 on Friday, reaching $0.10. The company’s stock had a trading volume of 455 shares, compared to its average volume of 42,092. The company’s fifty day moving average is $0.11. Kernel Group has a twelve month low of $0.00 and a twelve month high of $0.20.