Cartica Acquisition Corp (NASDAQ:CITEW) Sees Significant Drop in Short Interest

Cartica Acquisition Corp (NASDAQ:CITEW) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 58,300 shares, a decline of 41.9% from the October 15th total of 100,400 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is currently 3.8 days.

Cartica Acquisition Stock Down 1.6 %

Shares of Cartica Acquisition stock traded down $0.00 on Thursday, hitting $0.21. 300 shares of the company’s stock traded hands, compared to its average volume of 58,482. The company has a fifty day moving average of $0.14 and a two-hundred day moving average of $0.12. Cartica Acquisition has a one year low of $0.03 and a one year high of $0.26.

About Cartica Acquisition

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.