Short Interest in Cartica Acquisition Corp (NASDAQ:CITE) Rises By 44.4%

Posted by Anthony Miller on Nov 16th, 2024

Cartica Acquisition Corp (NASDAQ:CITE – Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,300 shares, an increase of 44.4% from the October 15th total of 900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 0.3 days.

Cartica Acquisition Stock Down 0.2 %

Cartica Acquisition stock traded down $0.02 during midday trading on Friday, reaching $11.55. 100,842 shares of the company traded hands, compared to its average volume of 27,272. The business has a 50 day moving average of $11.48 and a two-hundred day moving average of $11.36. Cartica Acquisition has a 12 month low of $10.79 and a 12 month high of $12.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Berkley W R Corp increased its holdings in Cartica Acquisition by 98.6% during the third quarter. Berkley W R Corp now owns 342,727 shares of the company’s stock valued at $3,914,000 after buying an additional 170,160 shares during the last quarter. Clear Street LLC increased its stake in shares of Cartica Acquisition by 25,004.2% in the second quarter. Clear Street LLC now owns 29,623 shares of the company’s stock worth $335,000 after purchasing an additional 29,505 shares in the last quarter. Cowen AND Company LLC purchased a new position in Cartica Acquisition during the second quarter valued at $2,673,000. Wolverine Asset Management LLC grew its stake in Cartica Acquisition by 42.1% during the second quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $2,409,000 after acquiring an additional 63,092 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in Cartica Acquisition during the first quarter valued at $452,000. Institutional investors own 42.21% of the company’s stock.

About Cartica Acquisition

(Get Free Report)

Cartica Acquisition Corp does not have any significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify and complete a business combination in the technology sector.