Cartica Acquisition Corp (NASDAQ:CITE - Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,500 shares, a drop of 39.0% from the December 15th total of 4,100 shares. Based on an average daily volume of 21,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Cartica Acquisition stock. Clear Street LLC grew its stake in shares of Cartica Acquisition Corp (NASDAQ:CITE - Free Report) by 25,004.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,623 shares of the company's stock after buying an additional 29,505 shares during the period. Clear Street LLC owned 0.37% of Cartica Acquisition worth $335,000 as of its most recent SEC filing. Institutional investors own 42.21% of the company's stock.
Cartica Acquisition Trading Up 1.3 %
Cartica Acquisition stock traded up $0.15 during mid-day trading on Tuesday, reaching $11.85. The company had a trading volume of 407 shares, compared to its average volume of 1,261. The stock's 50-day simple moving average is $11.68 and its 200-day simple moving average is $11.51. Cartica Acquisition has a 1 year low of $10.89 and a 1 year high of $12.25.
About Cartica Acquisition
(
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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.
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