Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Up 88.9% in November

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 1,700 shares, a growth of 88.9% from the November 15th total of 900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is presently 0.1 days.

Cartica Acquisition Price Performance

Shares of Cartica Acquisition stock remained flat at $11.74 during trading on Friday. The stock had a trading volume of 8,733 shares, compared to its average volume of 30,531. Cartica Acquisition has a 52-week low of $10.86 and a 52-week high of $12.25. The firm’s 50-day moving average price is $11.56 and its two-hundred day moving average price is $11.43.

Hedge Funds Weigh In On Cartica Acquisition

Institutional investors have recently added to or reduced their stakes in the company. Clear Street LLC lifted its position in Cartica Acquisition by 25,004.2% in 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 during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Cartica Acquisition by 42.1% during the second quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $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 2nd quarter worth $2,673,000. Finally, Berkley W R Corp increased its stake 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 buying an additional 170,160 shares during the period. 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.