Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Up 141.2% in December

Cartica Acquisition Corp (NASDAQ:CITE) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,100 shares, an increase of 141.2% from the November 30th total of 1,700 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 22,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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. Wolverine Asset Management LLC boosted its position 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. Berkley W R Corp boosted its position in Cartica Acquisition by 98.6% in the third quarter. Berkley W R Corp now owns 342,727 shares of the company’s stock valued at $3,914,000 after buying an additional 170,160 shares in the last quarter. Finally, Cowen AND Company LLC bought a new stake in Cartica Acquisition during the second quarter worth about $2,673,000. 42.21% of the stock is owned by institutional investors.

Cartica Acquisition Price Performance

Shares of CITE opened at $11.68 on Friday. Cartica Acquisition has a 1 year low of $10.89 and a 1 year high of $12.25. The stock has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $11.47.

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.