Short Interest in CF Acquisition Corp. VIII (NASDAQ:CFFE) Expands By 100.0%

Posted by Stephan Jacobs on May 26th, 2023

CF Acquisition Corp. VIII (NASDAQ:CFFE – Get Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 800 shares, a growth of 100.0% from the April 30th total of 400 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On CF Acquisition Corp. VIII

Institutional investors have recently bought and sold shares of the business. Elequin Securities LLC increased its stake in CF Acquisition Corp. VIII by 2,680.0% in the 4th quarter. Elequin Securities LLC now owns 6,950 shares of the company’s stock worth $72,000 after buying an additional 6,700 shares in the last quarter. Clear Street LLC purchased a new stake in CF Acquisition Corp. VIII in the 1st quarter worth $305,000. Millennium Management LLC increased its stake in CF Acquisition Corp. VIII by 15.5% in the 2nd quarter. Millennium Management LLC now owns 59,175 shares of the company’s stock worth $598,000 after buying an additional 7,925 shares in the last quarter. Sculptor Capital LP grew its position in shares of CF Acquisition Corp. VIII by 5.6% during the first quarter. Sculptor Capital LP now owns 91,856 shares of the company’s stock valued at $925,000 after purchasing an additional 4,852 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of CF Acquisition Corp. VIII during the first quarter valued at about $1,009,000. Hedge funds and other institutional investors own 24.42% of the company’s stock.

CF Acquisition Corp. VIII Price Performance

Shares of NASDAQ CFFE remained flat at $10.75 during midday trading on Friday. CF Acquisition Corp. VIII has a twelve month low of $10.06 and a twelve month high of $10.81. The firm has a 50-day moving average of $10.72 and a 200-day moving average of $10.56.

CF Acquisition Corp. VIII Company Profile

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CF Acquisition Corp. VIII does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.