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

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

Hedge Funds Weigh In On Cartica Acquisition

Large investors have recently bought and sold shares of the stock. Berkley W R Corp raised its holdings 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. Cowen AND Company LLC bought a new stake in shares of Cartica Acquisition during the second quarter valued at approximately $2,673,000. Wolverine Asset Management LLC increased its position in shares of Cartica Acquisition by 42.1% during the second quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $2,409,000 after purchasing an additional 63,092 shares during the period. Finally, Clear Street LLC raised its stake in shares of Cartica Acquisition by 25,004.2% in the second quarter. Clear Street LLC now owns 29,623 shares of the company’s stock valued at $335,000 after purchasing an additional 29,505 shares in the last quarter. 42.21% of the stock is currently owned by institutional investors and hedge funds.

Cartica Acquisition Stock Down 0.2 %

Shares of NASDAQ CITE opened at $11.68 on Friday. Cartica Acquisition has a 12 month low of $10.89 and a 12 month high of $12.25. The business’s 50 day moving average is $11.61 and its two-hundred day moving average is $11.47.

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.