Chavant Capital Acquisition Corp. (NASDAQ:CLAY) Short Interest Update

Chavant Capital Acquisition Corp. (NASDAQ:CLAYGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 4,700 shares, an increase of 30.6% from the April 15th total of 3,600 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.3 days.

A number of large investors have recently added to or reduced their stakes in the stock. Karpus Management Inc. boosted its stake in Chavant Capital Acquisition by 3.3% in the first quarter. Karpus Management Inc. now owns 92,241 shares of the company’s stock valued at $914,000 after buying an additional 2,986 shares in the last quarter. Lynwood Capital Management Inc. boosted its stake in Chavant Capital Acquisition by 2.6% in the first quarter. Lynwood Capital Management Inc. now owns 197,910 shares of the company’s stock valued at $1,961,000 after buying an additional 5,000 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Chavant Capital Acquisition in the third quarter valued at about $58,000. Basso Capital Management L.P. boosted its stake in shares of Chavant Capital Acquisition by 4.8% during the first quarter. Basso Capital Management L.P. now owns 167,119 shares of the company’s stock valued at $1,656,000 after purchasing an additional 7,681 shares in the last quarter. Finally, Warberg Asset Management LLC acquired a new stake in shares of Chavant Capital Acquisition during the third quarter valued at about $99,000. 87.59% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CLAY traded up $0.02 during trading hours on Monday, hitting $9.96. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 28,702. The stock has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $9.89. Chavant Capital Acquisition has a twelve month low of $9.59 and a twelve month high of $10.00.

Chavant Capital Acquisition Company Profile (Get Rating)

Chavant Capital Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination in the advanced manufacturing and advanced materials technology sectors. The company was incorporated in 2021 and is based in New York, New York.

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