Fortistar Sustainable Solutions Corp. (NASDAQ:FSSI) Sees Large Increase in Short Interest

Fortistar Sustainable Solutions Corp. (NASDAQ:FSSIGet Rating) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 29,100 shares, an increase of 62.6% from the April 15th total of 17,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 38,500 shares, the days-to-cover ratio is currently 0.8 days.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DAVENPORT & Co LLC bought a new position in Fortistar Sustainable Solutions during the 1st quarter worth about $117,000. Wolverine Asset Management LLC boosted its position in shares of Fortistar Sustainable Solutions by 30.5% during the first quarter. Wolverine Asset Management LLC now owns 34,357 shares of the company’s stock worth $336,000 after buying an additional 8,039 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Fortistar Sustainable Solutions by 20.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,000 shares of the company’s stock worth $588,000 after buying an additional 10,000 shares in the last quarter. Context Capital Management LLC grew its holdings in shares of Fortistar Sustainable Solutions by 466.7% during the first quarter. Context Capital Management LLC now owns 85,000 shares of the company’s stock worth $832,000 after buying an additional 70,000 shares in the last quarter. Finally, Basso Capital Management L.P. raised its position in Fortistar Sustainable Solutions by 6.8% in the 1st quarter. Basso Capital Management L.P. now owns 263,659 shares of the company’s stock valued at $2,581,000 after buying an additional 16,802 shares during the last quarter.

Shares of Fortistar Sustainable Solutions stock traded up $0.01 on Friday, hitting $9.81. The company had a trading volume of 11,990 shares, compared to its average volume of 42,452. Fortistar Sustainable Solutions has a twelve month low of $9.61 and a twelve month high of $9.86.

About Fortistar Sustainable Solutions (Get Rating)

Fortistar Sustainable Solutions Corp. 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 founded in 2020 and is based in White Plains, New York.

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