Short Interest in Cartesian Growth Co. II (NASDAQ:RENE) Declines By 33.3%

Cartesian Growth Co. II (NASDAQ:RENE) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 400 shares, a drop of 33.3% from the January 15th total of 600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is presently 0.0 days.

Cartesian Growth Co. II Stock Performance

NASDAQ RENE traded up $0.02 during mid-day trading on Friday, hitting $11.79. The company’s stock had a trading volume of 150 shares, compared to its average volume of 26,200. The company’s 50 day simple moving average is $11.71 and its 200 day simple moving average is $11.56. Cartesian Growth Co. II has a twelve month low of $11.02 and a twelve month high of $11.80.

Institutional Trading of Cartesian Growth Co. II

Several hedge funds have recently bought and sold shares of the business. Spartan Fund Management Inc. acquired a new stake in Cartesian Growth Co. II in the 4th quarter valued at $295,000. Alpine Global Management LLC purchased a new position in Cartesian Growth Co. II during the 4th quarter worth $2,332,000. Mizuho Securities USA LLC boosted its holdings in Cartesian Growth Co. II by 7.1% during the 4th quarter. Mizuho Securities USA LLC now owns 1,057,800 shares of the company’s stock worth $12,270,000 after acquiring an additional 70,300 shares during the last quarter. Virtu Financial LLC boosted its holdings in Cartesian Growth Co. II by 161.1% during the 4th quarter. Virtu Financial LLC now owns 26,824 shares of the company’s stock worth $313,000 after acquiring an additional 16,552 shares during the last quarter. Finally, Westchester Capital Management LLC boosted its holdings in Cartesian Growth Co. II by 28.8% during the 3rd quarter. Westchester Capital Management LLC now owns 1,611,362 shares of the company’s stock worth $18,466,000 after acquiring an additional 359,991 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

About Cartesian Growth Co. II

Cartesian Growth Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on October 13, 2021 and is headquartered in New York, NY.