Charlton Aria Acquisition Corp (NASDAQ:CHAR) Shares Shorted: Short Interest Up 98.6% in October

Charlton Aria Acquisition Corp (NASDAQ:CHAR) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 6,381 shares, a growth of 98.6% from the October 15th total of 3,213 shares. Based on an average daily volume of 3,704 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Charlton Aria Acquisition

Several institutional investors have recently added to or reduced their stakes in the stock. Robinson Capital Management LLC lifted its position in shares of Charlton Aria Acquisition by 105.4% in the 2nd quarter. Robinson Capital Management LLC now owns 29,716 shares of the company’s stock worth $321,000 after purchasing an additional 15,250 shares during the period. SkyView Investment Advisors LLC bought a new position in Charlton Aria Acquisition during the second quarter worth $324,000. Sona Asset Management US LLC bought a new position in Charlton Aria Acquisition during the first quarter worth $1,058,000. StoneX Group Inc. bought a new position in Charlton Aria Acquisition during the third quarter worth $1,778,000. Finally, First Trust Capital Management L.P. acquired a new position in Charlton Aria Acquisition in the third quarter valued at $9,091,000.

Charlton Aria Acquisition Stock Performance

Shares of Charlton Aria Acquisition stock traded up $0.01 during trading on Friday, hitting $11.01. The company’s stock had a trading volume of 25 shares, compared to its average volume of 25,879. Charlton Aria Acquisition has a 52 week low of $10.39 and a 52 week high of $11.48. The stock has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $10.78.

Charlton Aria Acquisition (NASDAQ:CHAR) last announced its earnings results on Thursday, November 5th. The company reported $0.01 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Charlton Aria Acquisition in a report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Charlton Aria Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more existing businesses. The company does not have an established operating business or its own portfolio of products and services. Its role is to identify a business-combination partner and, if a transaction is completed, help that business enter the public markets. Charlton Aria has described a focus on opportunities in the technology, media and telecommunications sectors, particularly in Asia.