Cetus Capital Acquisition Corp. (NASDAQ:CETU) Short Interest Update

Cetus Capital Acquisition Corp. (NASDAQ:CETU) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,300 shares, an increase of 85.7% from the May 31st total of 700 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Cetus Capital Acquisition Price Performance

Shares of NASDAQ CETU remained flat at $10.70 during mid-day trading on Friday. Cetus Capital Acquisition has a 1 year low of $10.26 and a 1 year high of $11.53. The company’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $10.56.

Hedge Funds Weigh In On Cetus Capital Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Shaolin Capital Management LLC bought a new stake in Cetus Capital Acquisition in the third quarter worth $3,110,000. HGC Investment Management Inc. purchased a new stake in shares of Cetus Capital Acquisition in the fourth quarter valued at $1,838,000. Mizuho Securities USA LLC lifted its holdings in shares of Cetus Capital Acquisition by 85.0% in the 4th quarter. Mizuho Securities USA LLC now owns 366,040 shares of the company’s stock worth $3,840,000 after acquiring an additional 168,209 shares during the last quarter. Bulldog Investors LLP purchased a new position in shares of Cetus Capital Acquisition during the 4th quarter worth about $1,318,000. Finally, K2 Principal Fund L.P. bought a new position in Cetus Capital Acquisition during the 1st quarter valued at about $1,016,000. Hedge funds and other institutional investors own 70.04% of the company’s stock.

Cetus Capital Acquisition Company Profile

Cetus Capital Acquisition Corp. does not have significant operations. The company focuses on merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. Cetus Capital Acquisition Corp. was incorporated in 2022 and is based in Taipei, Taiwan.