Cartica Acquisition Corp (NASDAQ:CITE) Sees Significant Growth in Short Interest

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,100 shares, an increase of 10.0% from the May 31st total of 1,000 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CITE. Glazer Capital LLC increased its position in Cartica Acquisition by 140.1% in the 4th quarter. Glazer Capital LLC now owns 420,753 shares of the company’s stock worth $4,590,000 after buying an additional 245,507 shares during the period. Berkley W R Corp increased its position in Cartica Acquisition by 42.0% in the 1st quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock worth $6,862,000 after buying an additional 184,461 shares during the period. Mizuho Securities USA LLC bought a new position in Cartica Acquisition in the 4th quarter worth approximately $1,830,000. Radcliffe Capital Management L.P. increased its position in shares of Cartica Acquisition by 36.2% during the third quarter. Radcliffe Capital Management L.P. now owns 461,554 shares of the company’s stock valued at $4,976,000 after purchasing an additional 122,747 shares during the period. Finally, K2 Principal Fund L.P. bought a new stake in shares of Cartica Acquisition during the first quarter valued at approximately $452,000. 42.21% of the stock is owned by institutional investors.

Cartica Acquisition Stock Performance

CITE opened at $11.31 on Tuesday. The business has a 50 day moving average price of $11.20 and a 200 day moving average price of $11.07. Cartica Acquisition has a twelve month low of $10.34 and a twelve month high of $12.67.

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.