Flame Acquisition Corp. (NYSE:FLME – Get Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 17,600 shares, an increase of 128.6% from the April 30th total of 7,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is currently 0.3 days.
NYSE:FLME opened at $9.77 on Friday. Flame Acquisition has a 12 month low of $9.57 and a 12 month high of $9.84. The stock has a 50 day moving average of $9.78 and a two-hundred day moving average of $9.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corbyn Investment Management Inc. MD lifted its holdings in Flame Acquisition by 6.4% in the first quarter. Corbyn Investment Management Inc. MD now owns 62,790 shares of the company’s stock valued at $612,000 after acquiring an additional 3,800 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. lifted its stake in Flame Acquisition by 9.9% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 89,594 shares of the company’s stock worth $874,000 after purchasing an additional 8,106 shares in the last quarter. Robinson Capital Management LLC lifted its stake in Flame Acquisition by 23.4% during the fourth quarter. Robinson Capital Management LLC now owns 47,839 shares of the company’s stock worth $465,000 after purchasing an additional 9,081 shares in the last quarter. Mariner Investment Group LLC lifted its stake in Flame Acquisition by 100.0% during the third quarter. Mariner Investment Group LLC now owns 20,000 shares of the company’s stock worth $194,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Toroso Investments LLC acquired a new position in Flame Acquisition during the third quarter worth $103,000. Hedge funds and other institutional investors own 59.04% of the company’s stock.
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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