Cambridge Acquisition Corp (NASDAQ:CAQUU) Sees Significant Growth in Short Interest

Cambridge Acquisition Corp (NASDAQ:CAQUU) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,263 shares, an increase of 2,196.4% from the May 31st total of 55 shares. Based on an average daily trading volume, of 474 shares, the days-to-cover ratio is currently 2.7 days.

Cambridge Acquisition Stock Performance

Shares of NASDAQ:CAQUU remained flat at $10.01 during trading on Thursday. Cambridge Acquisition has a 1-year low of $9.90 and a 1-year high of $10.50. The company has a 50-day moving average of $9.98.

Cambridge Acquisition Company Profile

Cambridge Acquisition (Nasdaq: CAQUU) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that was formed to raise capital through a public offering and use the proceeds to effect a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more operating businesses. As with other SPACs, Cambridge Acquisition itself does not operate an ongoing commercial business; its primary activity is identifying, evaluating and completing a business combination that will result in an operating company becoming a publicly listed entity.

The units trading under the CAQUU ticker typically consist of shares of common stock and warrants or fractional warrants, which is a standard SPAC capital structure designed to provide initial capital and potential upside to public investors pending a business combination.