KBL MERGER CORP (KBLM) Short Interest Down 91.4% in July

KBL MERGER CORP (NASDAQ:KBLM) saw a significant drop in short interest in the month of July. As of July 14th, there was short interest totalling 81,000 shares, a drop of 91.4% from the June 30th total of 944,800 shares. Based on an average daily volume of 25,414 shares, the short-interest ratio is presently 3.2 days. Approximately 0.7% of the company’s shares are sold short.

In other KBL MERGER CORP news, major shareholder Polar Asset Management Partner sold 12,500 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $9.70, for a total value of $121,250.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

A hedge fund recently bought a new stake in KBL MERGER CORP stock. Berkley W R Corp purchased a new position in shares of KBL MERGER CORP (NASDAQ:KBLM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 242,244 shares of the company’s stock, valued at approximately $2,350,000. Berkley W R Corp owned about 5.74% of KBL MERGER CORP as of its most recent filing with the SEC.

Shares of KBL MERGER CORP (NASDAQ KBLM) opened at 9.69 on Friday. The company’s market cap is $40.87 million. KBL MERGER CORP has a 12 month low of $9.65 and a 12 month high of $9.80. The stock’s 50 day moving average is $9.71 and its 200 day moving average is $9.71.

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