Short Interest in Cartica Acquisition Corp (NASDAQ:CITE) Increases By 6.3%

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,400 shares, a growth of 6.3% from the March 31st total of 3,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 23,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Cartica Acquisition

A number of large investors have recently made changes to their positions in CITE. Glazer Capital LLC raised its holdings in Cartica Acquisition by 140.1% during the fourth quarter. Glazer Capital LLC now owns 420,753 shares of the company’s stock worth $4,590,000 after purchasing an additional 245,507 shares during the last quarter. Cowen AND Company LLC purchased a new position in shares of Cartica Acquisition in the third quarter valued at $2,209,000. Mizuho Securities USA LLC acquired a new position in shares of Cartica Acquisition during the 4th quarter worth $1,830,000. Berkley W R Corp raised its stake in shares of Cartica Acquisition by 47.3% during the 4th quarter. Berkley W R Corp now owns 439,401 shares of the company’s stock worth $4,794,000 after buying an additional 141,110 shares during the last quarter. Finally, Radcliffe Capital Management L.P. boosted its position in shares of Cartica Acquisition by 36.2% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 461,554 shares of the company’s stock worth $4,976,000 after buying an additional 122,747 shares in the last quarter. Hedge funds and other institutional investors own 42.21% of the company’s stock.

Cartica Acquisition Price Performance

Cartica Acquisition stock opened at $11.14 on Thursday. Cartica Acquisition has a one year low of $10.34 and a one year high of $12.67. The business has a fifty day moving average of $11.06 and a two-hundred day moving average of $10.95.

Cartica Acquisition Company Profile

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. It intends to identify and complete a business combination in the technology sector in India.