Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Update

Cartica Acquisition Corp (NASDAQ:CITE) saw 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 short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Cartica Acquisition Price Performance

Shares of Cartica Acquisition stock traded up $0.02 during trading on Thursday, reaching $11.57. The company’s stock had a trading volume of 915 shares, compared to its average volume of 26,557. The firm’s 50-day moving average is $11.48 and its two-hundred day moving average is $11.36. Cartica Acquisition has a 52-week low of $10.79 and a 52-week high of $12.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CITE. Berkley W R Corp boosted its position in Cartica Acquisition by 42.0% during the 1st 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 during the period. Cowen AND Company LLC bought a new position in shares of Cartica Acquisition in the 2nd quarter worth approximately $2,673,000. Wolverine Asset Management LLC lifted its stake 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. K2 Principal Fund L.P. purchased a new stake in Cartica Acquisition in the first quarter worth $452,000. Finally, Clear Street LLC raised its holdings 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 purchasing an additional 29,505 shares in the last quarter. Institutional investors own 42.21% of the company’s stock.

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.