Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Update

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large decrease in short interest in the month of 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 21,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cartica Acquisition stock. Clear Street LLC boosted its stake in Cartica Acquisition Corp (NASDAQ:CITE) by 25,004.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,623 shares of the company’s stock after acquiring an additional 29,505 shares during the period. Clear Street LLC owned 0.37% of Cartica Acquisition worth $335,000 at the end of the most recent quarter. Institutional investors and hedge funds own 42.21% of the company’s stock.

Cartica Acquisition Price Performance

Shares of CITE stock traded up $0.15 during trading hours on Tuesday, hitting $11.85. 407 shares of the company’s stock traded hands, compared to its average volume of 1,261. Cartica Acquisition has a 12 month low of $10.89 and a 12 month high of $12.25. The stock’s 50 day simple moving average is $11.67 and its 200 day simple moving average is $11.51.

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.