Chain Bridge I (NASDAQ:CBRG) Short Interest Down 55.6% in August

Chain Bridge I (NASDAQ:CBRG) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 400 shares, a drop of 55.6% from the August 15th total of 900 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Chain Bridge I

An institutional investor recently raised its position in Chain Bridge I stock. Berkley W R Corp raised its stake in shares of Chain Bridge I (NASDAQ:CBRG) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,176 shares of the company’s stock after buying an additional 20,282 shares during the period. Berkley W R Corp owned approximately 2.07% of Chain Bridge I worth $2,226,000 as of its most recent SEC filing. 46.16% of the stock is currently owned by institutional investors and hedge funds.

Chain Bridge I Stock Performance

Shares of CBRG stock remained flat at $11.26 during trading hours on Friday. Chain Bridge I has a 52-week low of $10.73 and a 52-week high of $12.49. The business has a 50 day simple moving average of $11.23 and a 200-day simple moving average of $11.20.

Chain Bridge I Company Profile

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.