C1 Fund Inc. (NYSE:CFND) Short Interest Up 2,945.0% in June

C1 Fund Inc. (NYSE:CFND) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,369 shares, an increase of 2,945.0% from the June 15th total of 242 shares. Based on an average daily trading volume, of 42,794 shares, the days-to-cover ratio is currently 0.2 days.

C1 Fund Stock Down 1.8%

Shares of NYSE CFND traded down $0.06 during mid-day trading on Friday, reaching $3.32. The company’s stock had a trading volume of 35,389 shares, compared to its average volume of 29,651. The business has a 50-day simple moving average of $3.32. C1 Fund has a 1-year low of $2.85 and a 1-year high of $9.78.

Insider Activity

In other C1 Fund news, Director Scott A. Reed bought 10,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $3.15 per share, for a total transaction of $31,500.00. Following the transaction, the director directly owned 42,000 shares of the company’s stock, valued at approximately $132,300. This represents a 31.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 25,000 shares of company stock worth $79,550.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. T3 Companies LLC acquired a new stake in shares of C1 Fund in the fourth quarter valued at approximately $703,000. Marex Group plc acquired a new position in C1 Fund during the fourth quarter worth $881,000. Finally, XTX Topco Ltd boosted its stake in C1 Fund by 42.9% during the fourth quarter. XTX Topco Ltd now owns 17,628 shares of the company’s stock worth $86,000 after buying an additional 5,291 shares during the last quarter.