C1 Fund Inc. (NYSE:CFND) Short Interest Update

C1 Fund Inc. (NYSE:CFND) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 12,733 shares, an increase of 72.8% from the June 30th total of 7,369 shares. Based on an average daily trading volume, of 36,305 shares, the short-interest ratio is currently 0.4 days.

Insider Activity

In related news, Director Scott A. Reed acquired 10,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $3.15 per share, for a total transaction of $31,500.00. Following the completion of the purchase, the director directly owned 42,000 shares of the company’s stock, valued at $132,300. The trade was a 31.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 25,000 shares of company stock valued at $79,550 in the last ninety days.

Hedge Funds Weigh In On C1 Fund

A number of hedge funds have recently modified their holdings of CFND. T3 Companies LLC purchased a new position in C1 Fund in the 4th quarter worth about $703,000. Marex Group plc acquired a new position in shares of C1 Fund in the fourth quarter worth $881,000. Finally, XTX Topco Ltd increased its position in C1 Fund by 42.9% in the 4th quarter. XTX Topco Ltd now owns 17,628 shares of the company’s stock worth $86,000 after purchasing an additional 5,291 shares during the last quarter.

C1 Fund Stock Down 5.4%

Shares of C1 Fund stock opened at $2.97 on Friday. The company has a fifty day moving average price of $3.26. C1 Fund has a fifty-two week low of $2.85 and a fifty-two week high of $9.78.