Cohn Robbins Holdings Corp. (NYSE:CRHC – Get Rating) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 174,600 shares, a drop of 80.3% from the April 15th total of 884,600 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 546,900 shares, the short-interest ratio is presently 0.3 days.
A number of large investors have recently made changes to their positions in CRHC. PenderFund Capital Management Ltd. lifted its holdings in shares of Cohn Robbins by 207.7% during the 4th quarter. PenderFund Capital Management Ltd. now owns 4,000 shares of the company’s stock worth $50,000 after acquiring an additional 2,700 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Cohn Robbins in the fourth quarter valued at about $94,000. LPL Financial LLC purchased a new position in shares of Cohn Robbins in the fourth quarter valued at about $98,000. EPG Wealth Management LLC bought a new stake in shares of Cohn Robbins during the 1st quarter valued at about $99,000. Finally, Havens Advisors LLC bought a new stake in shares of Cohn Robbins during the 1st quarter valued at about $131,000. 78.23% of the stock is owned by hedge funds and other institutional investors.
NYSE:CRHC remained flat at $$9.92 during trading hours on Wednesday. 3,762 shares of the company’s stock traded hands, compared to its average volume of 655,174. The business’s 50 day moving average price is $9.93 and its 200 day moving average price is $9.89. Cohn Robbins has a 1 year low of $9.68 and a 1 year high of $10.05.
Cohn Robbins Holdings Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was formerly known as CSR Acquisition Corp. Cohn Robbins Holdings Corp.
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