Constellation Acquisition Corp I (NYSE:CSTA – Get Rating) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,100 shares, a decline of 47.6% from the April 30th total of 2,100 shares. Based on an average trading volume of 93,400 shares, the days-to-cover ratio is presently 0.0 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSTA. Saba Capital Management L.P. increased its stake in Constellation Acquisition Corp I by 5.1% during the 1st quarter. Saba Capital Management L.P. now owns 1,191,872 shares of the company’s stock worth $11,692,000 after buying an additional 58,051 shares in the last quarter. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Constellation Acquisition Corp I during the first quarter worth $385,000. Prelude Capital Management LLC raised its stake in shares of Constellation Acquisition Corp I by 23.1% in the first quarter. Prelude Capital Management LLC now owns 12,308 shares of the company’s stock valued at $121,000 after acquiring an additional 2,308 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Constellation Acquisition Corp I by 6.2% in the first quarter. Hsbc Holdings PLC now owns 1,002,615 shares of the company’s stock valued at $9,836,000 after acquiring an additional 58,454 shares in the last quarter. Finally, Omni Event Management Ltd purchased a new position in Constellation Acquisition Corp I in the fourth quarter valued at $3,152,000. 67.63% of the stock is owned by institutional investors.
CSTA remained flat at $$9.80 on Friday. The company’s stock had a trading volume of 275,426 shares, compared to its average volume of 91,052. The firm’s fifty day moving average is $9.82 and its 200-day moving average is $9.78. Constellation Acquisition Corp I has a 12 month low of $9.61 and a 12 month high of $10.00.
Constellation Acquisition Corp I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Port Chester, New York.
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