Short Interest in Cartica Acquisition Corp (NASDAQ:CITE) Grows By 88.9%

Cartica Acquisition Corp (NASDAQ:CITE) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,700 shares, a growth of 88.9% from the November 15th total of 900 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 20,900 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Cartica Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the company. Clear Street LLC lifted its holdings in shares of Cartica Acquisition by 25,004.2% during the 2nd 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 during the last quarter. Wolverine Asset Management LLC grew its holdings 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 buying an additional 63,092 shares during the last quarter. Berkley W R Corp grew its stake in Cartica Acquisition by 98.6% during the 3rd quarter. Berkley W R Corp now owns 342,727 shares of the company’s stock valued at $3,914,000 after purchasing an additional 170,160 shares during the last quarter. Finally, Cowen AND Company LLC acquired a new stake in shares of Cartica Acquisition during the second quarter worth about $2,673,000. 42.21% of the stock is owned by hedge funds and other institutional investors.

Cartica Acquisition Stock Performance

Shares of NASDAQ:CITE remained flat at $11.74 during trading on Friday. 8,733 shares of the stock were exchanged, compared to its average volume of 30,531. The stock has a 50 day moving average of $11.56 and a 200-day moving average of $11.43. Cartica Acquisition has a twelve month low of $10.86 and a twelve month high of $12.25.

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.