Flame Acquisition Corp. (NYSE:FLME) Short Interest Up 52.7% in April

Flame Acquisition Corp. (NYSE:FLMEGet Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 8,400 shares, a growth of 52.7% from the March 31st total of 5,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is presently 0.1 days.

Several hedge funds have recently added to or reduced their stakes in FLME. Toroso Investments LLC bought a new position in shares of Flame Acquisition during the 3rd quarter valued at $103,000. Mariner Investment Group LLC boosted its stake in shares of Flame Acquisition by 100.0% during the 3rd quarter. Mariner Investment Group LLC now owns 20,000 shares of the company’s stock valued at $194,000 after purchasing an additional 10,000 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Flame Acquisition by 82.0% during the 4th quarter. Qube Research & Technologies Ltd now owns 33,998 shares of the company’s stock valued at $330,000 after purchasing an additional 15,316 shares in the last quarter. Robinson Capital Management LLC boosted its stake in shares of Flame Acquisition by 1,149.5% during the 3rd quarter. Robinson Capital Management LLC now owns 38,758 shares of the company’s stock valued at $377,000 after purchasing an additional 35,656 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Flame Acquisition during the 4th quarter valued at about $409,000. 52.50% of the stock is currently owned by institutional investors.

Flame Acquisition stock opened at $9.79 on Friday. The firm’s fifty day moving average price is $9.76 and its 200-day moving average price is $9.74. Flame Acquisition has a fifty-two week low of $9.57 and a fifty-two week high of $10.02.

About Flame Acquisition (Get Rating)

Flame Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Houston, Texas.

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