The number of short positions in CleanTech Acquisition Corp. (NASDAQ: CLAQ) significantly decreased during August. The days-to-cover ratio is 0.3, based on an average daily volume of 43,900 shares changing hands. This ratio was calculated using the data. At any given moment, short holdings represent around 0.2% of the total number of shares issued by the corporation. When the market started on Monday, one share of CLAQ was trading for $10.25.
In the previous 50 and 200 trading days, the stock price has moved back and forth between the range of $10.09 and $10.18. In recent times, alterations have been made to the holdings of CLAQ that institutional investors and hedge funds hold. During the last three months of 2018, Saba Capital Management L.P. boosted the percentage of CleanTech Acquisition stock it had in its portfolio by 0.8%. The most recent quarter saw Saba Capital Management L.P. acquire an additional 3,026 shares of the company’s stock, bringing the total number of shares directly owned by the firm to 378,026, with a value of $3,765,000. This brings the total number of shares now held by the firm to equal the number of shares directly owned by the company. Flow Traders U.S. LLC spent about 109,000 dollars during the second quarter to acquire an additional stake in CleanTech Acquisition.
During the first three months of 2018, Fir Tree Capital Management L.P. made a new investment in CleanTech Acquisitions worth 118 thousand dollars. Glazer Capital LLC raised its interest in CleanTech Acquisition during the fourth quarter by acquiring more shares for close to $199,000. This brought the total amount of money invested in the company to over $200,000. And last, during the second quarter of 2018, OTA Financial Group L.P. made a new investment in the shares of CleanTech Acquisition, contributing about $295,000 to the company. To the tune of 78.38% of the company’s shares, institutional investors and hedge funds are the owners of those shares. The workforce of CleanTech Acquisition Corp. is not exceptionally huge in terms of headcount.
They plan to join forces with one or more companies via business combinations such as mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, and other comparable arrangements. The company did not officially start its operations until 2020, with New York City, New York, serving as the location of its headquarters during the whole process.