Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Update

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,100 shares, a growth of 10.0% from the May 31st total of 1,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Cartica Acquisition

A number of institutional investors have recently modified their holdings of the company. Tuttle Capital Management LLC boosted its holdings in Cartica Acquisition by 250.0% during the 4th quarter. Tuttle Capital Management LLC now owns 35,000 shares of the company’s stock valued at $382,000 after acquiring an additional 25,000 shares during the period. K2 Principal Fund L.P. acquired a new position in shares of Cartica Acquisition in the first quarter valued at approximately $452,000. Mizuho Securities USA LLC purchased a new stake in Cartica Acquisition during the 4th quarter worth approximately $1,830,000. Glazer Capital LLC boosted its position in Cartica Acquisition by 140.1% in the 4th quarter. Glazer Capital LLC now owns 420,753 shares of the company’s stock valued at $4,590,000 after buying an additional 245,507 shares during the period. Finally, Berkley W R Corp increased its position 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 worth $4,794,000 after acquiring an additional 141,110 shares during the period. 42.21% of the stock is owned by institutional investors and hedge funds.

Cartica Acquisition Stock Down 0.1 %

Cartica Acquisition stock traded down $0.01 during trading on Wednesday, hitting $11.30. The company had a trading volume of 2,596 shares, compared to its average volume of 3,977. The company’s 50 day simple moving average is $11.20 and its 200-day simple moving average is $11.07. Cartica Acquisition has a 1-year low of $10.34 and a 1-year high of $12.25.

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. It intends to identify and complete a business combination in the technology sector in India.