Kadem Sustainable Impact Co. (NASDAQ:KSI) Sees Significant Growth in Short Interest

Kadem Sustainable Impact Co. (NASDAQ:KSIGet Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 13,000 shares, an increase of 165.3% from the April 30th total of 4,900 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is currently 0.6 days.

Institutional investors have recently modified their holdings of the company. Sculptor Capital LP bought a new stake in Kadem Sustainable Impact in the 1st quarter valued at approximately $536,000. Glazer Capital LLC lifted its stake in Kadem Sustainable Impact by 146.0% in the 1st quarter. Glazer Capital LLC now owns 32,013 shares of the company’s stock valued at $312,000 after acquiring an additional 19,000 shares in the last quarter. Saba Capital Management L.P. lifted its stake in Kadem Sustainable Impact by 0.9% in the 1st quarter. Saba Capital Management L.P. now owns 312,531 shares of the company’s stock valued at $3,047,000 after acquiring an additional 2,894 shares in the last quarter. Aristeia Capital LLC bought a new stake in Kadem Sustainable Impact in the 1st quarter valued at approximately $4,875,000. Finally, Basso Capital Management L.P. lifted its stake in Kadem Sustainable Impact by 1.1% in the 1st quarter. Basso Capital Management L.P. now owns 523,263 shares of the company’s stock valued at $5,102,000 after acquiring an additional 5,875 shares in the last quarter. Institutional investors own 60.32% of the company’s stock.

KSI stock opened at $9.74 on Friday. The stock has a 50-day moving average price of $9.76 and a two-hundred day moving average price of $9.73. Kadem Sustainable Impact has a 1 year low of $9.54 and a 1 year high of $9.80.

About Kadem Sustainable Impact (Get Rating)

Kadem Sustainable Impact Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the business of energy storage, electric vehicles, electric vehicles infrastructure, or mobility technologies.

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