Short Interest in Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) Expands By 700.0%

Posted by Scott Moore on Mar 29th, 2024

Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS – Get Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,400 shares, an increase of 700.0% from the February 29th total of 300 shares. Approximately 6.5% of the company’s stock are short sold. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 0.4 days.

Cactus Acquisition Corp. 1 Price Performance

NASDAQ CCTS opened at $11.10 on Friday. The company’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $11.01. Cactus Acquisition Corp. 1 has a 52 week low of $10.43 and a 52 week high of $12.52.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cowen AND Company LLC acquired a new stake in shares of Cactus Acquisition Corp. 1 during the third quarter worth $432,000. Mizuho Securities USA LLC acquired a new stake in Cactus Acquisition Corp. 1 in the 3rd quarter valued at about $141,000. Rivernorth Capital Management LLC lifted its holdings in Cactus Acquisition Corp. 1 by 180.0% in the 2nd quarter. Rivernorth Capital Management LLC now owns 700,000 shares of the company’s stock valued at $7,413,000 after acquiring an additional 450,002 shares during the last quarter. Aristeia Capital LLC lifted its stake in Cactus Acquisition Corp. 1 by 132.4% during the fourth quarter. Aristeia Capital LLC now owns 232,360 shares of the company’s stock valued at $2,384,000 after buying an additional 132,360 shares in the last quarter. Finally, Starboard Value LP purchased a new stake in Cactus Acquisition Corp. 1 during the first quarter valued at about $2,245,000. 86.36% of the stock is owned by institutional investors and hedge funds.

About Cactus Acquisition Corp. 1

(Get Free Report)

Cactus Acquisition Corp. 1 Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology-based healthcare industry. The company was incorporated in 2021 and is based in Cranbury, New Jersey.