Cartica Acquisition Corp (NASDAQ:CITE - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 4,100 shares, a growth of 141.2% from the November 30th total of 1,700 shares. Based on an average daily volume of 22,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company's stock are short sold.
Cartica Acquisition Trading Down 0.2 %
Shares of CITE traded down $0.02 on Friday, reaching $11.68. The company's stock had a trading volume of 300 shares, compared to its average volume of 29,116. Cartica Acquisition has a twelve month low of $10.89 and a twelve month high of $12.25. The firm has a fifty day moving average of $11.61 and a 200-day moving average of $11.47.
Institutional Trading of Cartica Acquisition
Several institutional investors and hedge funds have recently modified their holdings of CITE. Clear Street LLC lifted its stake in 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 acquiring an additional 29,505 shares in the last quarter. Wolverine Asset Management LLC lifted its position 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 purchasing an additional 63,092 shares in the last quarter. Cowen AND Company LLC bought a new position in shares of Cartica Acquisition during the second quarter valued at about $2,673,000. Finally, Berkley W R Corp boosted its holdings in Cartica Acquisition by 98.6% during the third quarter. Berkley W R Corp now owns 342,727 shares of the company's stock worth $3,914,000 after purchasing an additional 170,160 shares during the last quarter. 42.21% of the stock is owned by hedge funds and other institutional investors.
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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