Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Update

Cartica Acquisition Corp (NASDAQ:CITE) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,400 shares, a growth of 100.0% from the September 15th total of 700 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Cartica Acquisition Stock Performance

Shares of CITE traded down $0.01 during trading hours on Friday, hitting $11.46. 15,306 shares of the company were exchanged, compared to its average volume of 29,340. The firm has a fifty day simple moving average of $11.42 and a 200-day simple moving average of $11.29. Cartica Acquisition has a one year low of $10.77 and a one year high of $12.25.

Hedge Funds Weigh In On Cartica Acquisition

Institutional investors have recently bought and sold shares of the stock. Berkley W R Corp grew its holdings in shares of Cartica Acquisition by 47.3% during the fourth quarter. Berkley W R Corp now owns 439,401 shares of the company’s stock valued at $4,794,000 after buying an additional 141,110 shares in the last quarter. Cowen AND Company LLC purchased a new position in Cartica Acquisition during the 2nd quarter valued at about $2,673,000. Wolverine Asset Management LLC increased its holdings 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 valued at $2,409,000 after purchasing an additional 63,092 shares during the period. Glazer Capital LLC increased its stake in shares of Cartica Acquisition by 140.1% in the fourth quarter. Glazer Capital LLC now owns 420,753 shares of the company’s stock worth $4,590,000 after acquiring an additional 245,507 shares during the last quarter. Finally, Clear Street LLC lifted its stake in Cartica Acquisition by 25,004.2% in the second quarter. Clear Street LLC now owns 29,623 shares of the company’s stock valued at $335,000 after acquiring an additional 29,505 shares during the last quarter. Hedge funds and other institutional investors own 42.21% of the company’s stock.

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.