Cartica Acquisition Corp (NASDAQ:CITE) Sees Significant Increase in Short Interest

Cartica Acquisition Corp (NASDAQ:CITE) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,300 shares, a growth of 44.4% from the October 15th total of 900 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Cartica Acquisition Stock Down 0.2 %

Cartica Acquisition stock traded down $0.02 during midday trading on Friday, hitting $11.55. 100,842 shares of the stock were exchanged, compared to its average volume of 27,272. The company has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $11.36. Cartica Acquisition has a 52 week low of $10.79 and a 52 week high of $12.25.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CITE. K2 Principal Fund L.P. bought a new position in Cartica Acquisition in the first quarter valued at approximately $452,000. Berkley W R Corp lifted its stake in Cartica Acquisition by 42.0% in the first quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock valued at $6,862,000 after buying an additional 184,461 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in Cartica Acquisition by 42.1% in the second quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $2,409,000 after buying an additional 63,092 shares in the last quarter. Cowen AND Company LLC bought a new position in Cartica Acquisition in the second quarter valued at approximately $2,673,000. 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 buying an additional 29,505 shares in the last quarter. 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.