Cartesian Growth Corporation IV (NASDAQ:CGCF) Stock Short Interest Climbs 139.5%

Cartesian Growth Corporation IV (NASDAQ:CGCF) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 182 shares, an increase of 139.5% from the October 15th total of 76 shares. Based on an average daily trading volume, of 42,154 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Cartesian Growth Corporation IV Price Performance

NASDAQ CGCF traded up $0.01 during trading hours on Friday, hitting $9.81. The company had a trading volume of 18,159 shares, compared to its average volume of 48,272. The firm has a 50 day moving average of $9.82. Cartesian Growth Corporation IV has a 1-year low of $9.77 and a 1-year high of $10.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Cartesian Growth Corporation IV in a research note on Monday. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Cartesian Growth Corporation IV

Cartesian Growth Corporation IV is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with an existing company. It does not currently operate a commercial business or offer products or services. The company is associated with Cartesian Capital Group, an investment firm. Its purpose is to identify and combine with a separate business; until a transaction is completed, it has no operating customer base or geographic markets to describe.