Short Interest in Chain Bridge I (NASDAQ:CBRG) Expands By 25.0%

Chain Bridge I (NASDAQ:CBRG) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 500 shares, an increase of 25.0% from the August 31st total of 400 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Chain Bridge I

An institutional investor recently raised its position in Chain Bridge I stock. Berkley W R Corp boosted its stake in Chain Bridge I (NASDAQ:CBRG) by 11.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 205,176 shares of the company’s stock after purchasing an additional 20,282 shares during the period. Berkley W R Corp owned about 2.07% of Chain Bridge I worth $2,226,000 at the end of the most recent quarter. 46.16% of the stock is currently owned by institutional investors.

Chain Bridge I Stock Up 0.1 %

Shares of NASDAQ:CBRG traded up $0.01 during midday trading on Friday, reaching $11.27. 8,516 shares of the company’s stock were exchanged, compared to its average volume of 9,341. The firm’s 50 day simple moving average is $11.24 and its two-hundred day simple moving average is $11.22. Chain Bridge I has a fifty-two week low of $10.75 and a fifty-two week high of $12.49.

About Chain Bridge I

Chain Bridge I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus on partnering with a technology company that will advance the United States national security and intelligence interests.