Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Down 30.8% in November

Posted by Anthony Miller on Nov 30th, 2024

Cartica Acquisition Corp (NASDAQ:CITE – Get Free Report) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 900 shares, a drop of 30.8% from the October 31st total of 1,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 11,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Cartica Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Street LLC grew its holdings in Cartica Acquisition by 25,004.2% during the second quarter. Clear Street LLC now owns 29,623 shares of the company’s stock worth $335,000 after buying an additional 29,505 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Cartica Acquisition by 42.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock worth $2,409,000 after acquiring an additional 63,092 shares in the last quarter. Cowen AND Company LLC purchased a new stake in shares of Cartica Acquisition in the second quarter valued at about $2,673,000. Finally, Berkley W R Corp lifted its position in shares of 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 purchasing an additional 170,160 shares in the last quarter. 42.21% of the stock is owned by institutional investors.

Cartica Acquisition Stock Performance

CITE traded down $0.11 during trading on Friday, hitting $11.54. 1,170 shares of the company’s stock were exchanged, compared to its average volume of 27,543. Cartica Acquisition has a fifty-two week low of $10.79 and a fifty-two week high of $12.25. The business’s 50 day moving average is $11.52 and its two-hundred day moving average is $11.39.

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.