C1 Fund Inc. (NYSE:CFND) Sees Significant Drop in Short Interest

C1 Fund Inc. (NYSE:CFND) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,627 shares, a drop of 69.2% from the July 30th total of 11,781 shares. Based on an average daily volume of 42,672 shares, the short-interest ratio is currently 0.1 days.

C1 Fund Stock Down 2.8%

C1 Fund stock traded down $0.08 during mid-day trading on Friday, reaching $2.77. The company’s stock had a trading volume of 46,039 shares, compared to its average volume of 37,214. C1 Fund has a 12-month low of $2.04 and a 12-month high of $9.01. The firm’s fifty day moving average price is $3.04 and its two-hundred day moving average price is $3.46.

Insider Buying and Selling at C1 Fund

In other C1 Fund news, Director Scott A. Reed purchased 10,000 shares of the stock in a transaction dated Monday, June 8th. The shares were bought at an average price of $3.15 per share, with a total value of $31,500.00. Following the completion of the transaction, the director directly owned 42,000 shares in the company, valued at approximately $132,300. This trade represents a 31.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 25,000 shares of company stock valued at $79,550 in the last three months.

Hedge Funds Weigh In On C1 Fund

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd raised its stake in shares of C1 Fund by 42.9% during the 4th quarter. XTX Topco Ltd now owns 17,628 shares of the company’s stock valued at $86,000 after purchasing an additional 5,291 shares during the period. T3 Companies LLC bought a new position in C1 Fund in the 4th quarter worth about $703,000. Finally, Marex Group plc bought a new position in C1 Fund in the 4th quarter worth about $881,000.