Cartica Acquisition Corp (NASDAQ:CITE) Sees Large Drop in Short Interest

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 900 shares, a decrease of 35.7% from the September 30th total of 1,400 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 9,300 shares, the short-interest ratio is currently 0.1 days.

Cartica Acquisition Price Performance

Shares of Cartica Acquisition stock opened at $11.51 on Friday. The stock has a 50-day moving average price of $11.44 and a 200 day moving average price of $11.32. Cartica Acquisition has a 1 year low of $10.78 and a 1 year high of $12.25.

Institutional Investors Weigh In On Cartica Acquisition

Several hedge funds have recently bought and sold shares of the business. Clear Street LLC lifted its stake in Cartica Acquisition by 25,004.2% in the 2nd quarter. Clear Street LLC now owns 29,623 shares of the company’s stock worth $335,000 after acquiring an additional 29,505 shares in the last quarter. Cowen AND Company LLC purchased a new stake in Cartica Acquisition in the 2nd quarter worth about $2,673,000. Wolverine Asset Management LLC increased its position in 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 purchasing an additional 63,092 shares during the last quarter. Berkley W R Corp increased its position in Cartica Acquisition by 42.0% in the 1st quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock worth $6,862,000 after purchasing an additional 184,461 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Cartica Acquisition in the 1st quarter worth about $452,000. 42.21% of the stock is owned by hedge funds and other institutional investors.

Cartica Acquisition Company Profile

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.