Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Down 30.8% in November

Cartica Acquisition Corp (NASDAQ:CITE - Get Free Report) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 900 shares, a decrease of 30.8% from the October 31st total of 1,300 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 0.1 days.

Cartica Acquisition Stock Down 0.9 %

Cartica Acquisition stock traded down $0.11 during mid-day trading on Friday, hitting $11.54. 1,170 shares of the stock were exchanged, compared to its average volume of 27,543. Cartica Acquisition has a 12 month low of $10.79 and a 12 month high of $12.25. The firm's fifty day simple moving average is $11.52 and its two-hundred day simple moving average is $11.39.

Institutional Trading of Cartica Acquisition

Large investors have recently bought and sold shares of the business. Cowen AND Company LLC bought a new stake in shares of Cartica Acquisition during the 2nd quarter valued at about $2,673,000. Berkley W R Corp lifted its stake in Cartica Acquisition by 98.6% in the third quarter. Berkley W R Corp now owns 342,727 shares of the company's stock valued at $3,914,000 after buying an additional 170,160 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Cartica Acquisition by 42.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company's stock worth $2,409,000 after buying an additional 63,092 shares in the last quarter. Finally, Clear Street LLC grew its position 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 worth $335,000 after buying an additional 29,505 shares during the period. 42.21% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.