Short Interest in Cartica Acquisition Corp (NASDAQ:CITE) Rises By 250.0%

Posted by Donna Armstrong on Sep 27th, 2024

Cartica Acquisition Corp (NASDAQ:CITE – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 700 shares, an increase of 250.0% from the August 31st total of 200 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Cartica Acquisition

Several large investors have recently added to or reduced their stakes in CITE. Clear Street LLC increased its stake in Cartica Acquisition by 25,004.2% during the second quarter. Clear Street LLC now owns 29,623 shares of the company’s stock valued at $335,000 after purchasing an additional 29,505 shares during the last quarter. Cowen AND Company LLC bought a new stake in shares of Cartica Acquisition during the 2nd quarter valued at about $2,673,000. Wolverine Asset Management LLC raised 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 worth $2,409,000 after acquiring an additional 63,092 shares during the period. Berkley W R Corp lifted its holdings in Cartica Acquisition by 42.0% in the first quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock worth $6,862,000 after acquiring an additional 184,461 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Cartica Acquisition in the first quarter valued at approximately $452,000. 42.21% of the stock is currently owned by institutional investors.

Cartica Acquisition Price Performance

NASDAQ:CITE remained flat at $11.53 during mid-day trading on Friday. The stock’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $11.26. Cartica Acquisition has a 12-month low of $10.76 and a 12-month high of $12.25.

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. It intends to identify and complete a business combination in the technology sector in India.