ClearThink 1 Acquisition Corp. (NASDAQ:CTAA) Sees Large Increase in Short Interest

ClearThink 1 Acquisition Corp. (NASDAQ:CTAA) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 273 shares, a growth of 155.1% from the August 15th total of 107 shares. Based on an average daily trading volume, of 936 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of ClearThink 1 Acquisition in a report on Monday, July 13th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ClearThink 1 Acquisition currently has a consensus rating of “Sell”.

ClearThink 1 Acquisition Stock Up 0.5%

NASDAQ CTAA traded up $0.05 on Monday, reaching $10.00. The company’s stock had a trading volume of 485 shares, compared to its average volume of 69,265. ClearThink 1 Acquisition has a 52 week low of $9.82 and a 52 week high of $10.00. The company’s 50-day moving average price is $9.96.

About ClearThink 1 Acquisition

ClearThink 1 Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.