Cambridge Acquisition Corp (NASDAQ:CAQUU) Short Interest Down 61.6% in April

Cambridge Acquisition Corp (NASDAQ:CAQUU) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 61 shares, a drop of 61.6% from the April 15th total of 159 shares. Based on an average trading volume of 250 shares, the days-to-cover ratio is currently 0.2 days.

Cambridge Acquisition Price Performance

NASDAQ:CAQUU traded up $0.02 during mid-day trading on Friday, reaching $9.98. The stock had a trading volume of 33 shares, compared to its average volume of 87,714. The company has a 50 day moving average price of $9.95. Cambridge Acquisition has a one year low of $9.90 and a one year high of $10.02.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Cambridge Acquisition to a “hold” rating in a research report on Tuesday, February 17th.

About Cambridge Acquisition

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.