Cartica Acquisition Corp (NASDAQ:CITE) Sees Large Decrease in Short Interest

Cartica Acquisition Corp (NASDAQ:CITE) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 39.0% from the December 15th total of 4,100 shares. Based on an average daily trading volume, of 21,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Cartica Acquisition

A hedge fund recently raised its stake in Cartica Acquisition stock. Berkley W R Corp grew its stake in Cartica Acquisition Corp (NASDAQ:CITE) by 98.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,727 shares of the company’s stock after purchasing an additional 170,160 shares during the period. Berkley W R Corp owned about 4.28% of Cartica Acquisition worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 42.21% of the company’s stock.

Cartica Acquisition Price Performance

NASDAQ CITE traded up $0.15 during midday trading on Tuesday, hitting $11.85. The company had a trading volume of 407 shares, compared to its average volume of 1,261. Cartica Acquisition has a twelve month low of $10.89 and a twelve month high of $12.25. The firm has a 50-day moving average price of $11.67 and a 200-day moving average price of $11.51.

Cartica Acquisition Company Profile

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.