Concord Acquisition Corp (NYSE:CND) Sees Large Growth in Short Interest

Concord Acquisition Corp (NYSE:CNDGet Rating) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 820,500 shares, a growth of 40.9% from the April 30th total of 582,300 shares. Based on an average daily trading volume, of 408,600 shares, the short-interest ratio is presently 2.0 days. Currently, 3.0% of the company’s stock are sold short.

Concord Acquisition stock opened at $9.92 on Monday. The stock’s 50 day moving average is $9.95 and its 200 day moving average is $10.24. Concord Acquisition has a twelve month low of $9.75 and a twelve month high of $13.48.

Several institutional investors have recently bought and sold shares of CND. Penserra Capital Management LLC grew its stake in shares of Concord Acquisition by 31.9% in the 4th quarter. Penserra Capital Management LLC now owns 6,105 shares of the company’s stock worth $63,000 after buying an additional 1,475 shares during the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Concord Acquisition in the 4th quarter worth approximately $77,000. National Bank of Canada FI purchased a new stake in Concord Acquisition during the 4th quarter valued at $141,000. Raymond James & Associates purchased a new stake in Concord Acquisition during the 4th quarter valued at $181,000. Finally, FNY Investment Advisers LLC boosted its stake in Concord Acquisition by 130.0% during the 1st quarter. FNY Investment Advisers LLC now owns 20,700 shares of the company’s stock valued at $205,000 after purchasing an additional 11,700 shares during the last quarter. Institutional investors own 44.88% of the company’s stock.

Concord Acquisition Company Profile (Get Rating)

Concord Acquisition Corp does not have significant operations. It focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services and financial technology sectors. The company was incorporated in 2020 and is based in New York, New York.

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