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

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

Cartica Acquisition Stock Down 0.2 %

Shares of CITE traded down $0.02 during trading hours on Friday, hitting $11.55. The stock had a trading volume of 100,842 shares, compared to its average volume of 27,272. The company’s fifty 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 Investors Weigh In On Cartica Acquisition

Large investors have recently made changes to their positions in the company. Clear Street LLC grew its holdings in shares of Cartica Acquisition by 25,004.2% in the 2nd quarter. Clear Street LLC now owns 29,623 shares of the company’s stock worth $335,000 after purchasing an additional 29,505 shares during the last quarter. K2 Principal Fund L.P. acquired a new stake in Cartica Acquisition in the 1st quarter valued at about $452,000. Wolverine Asset Management LLC increased its position in 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 acquiring an additional 63,092 shares in the last quarter. Cowen AND Company LLC acquired a new stake in Cartica Acquisition in the 2nd quarter valued at about $2,673,000. Finally, Berkley W R Corp increased its position in Cartica Acquisition by 98.6% in the 3rd quarter. Berkley W R Corp now owns 342,727 shares of the company’s stock valued at $3,914,000 after acquiring an additional 170,160 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.