Short Interest in Cartica Acquisition Corp (NASDAQ:CITE) Increases By 141.2%

Cartica Acquisition Corp (NASDAQ:CITE) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,100 shares, a growth of 141.2% from the November 30th total of 1,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Berkley W R Corp raised its position in Cartica Acquisition by 98.6% during the third quarter. Berkley W R Corp now owns 342,727 shares of the company’s stock valued at $3,914,000 after purchasing an additional 170,160 shares during the period. Clear Street LLC increased its position in shares of Cartica Acquisition by 25,004.2% during the 2nd quarter. Clear Street LLC now owns 29,623 shares of the company’s stock valued at $335,000 after purchasing an additional 29,505 shares during the last quarter. Cowen AND Company LLC purchased a new stake in Cartica Acquisition during the 2nd quarter valued at $2,673,000. Finally, Wolverine Asset Management LLC raised its holdings in Cartica Acquisition by 42.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $2,409,000 after buying an additional 63,092 shares during the period. 42.21% of the stock is currently owned by institutional investors.

Cartica Acquisition Price Performance

Shares of Cartica Acquisition stock opened at $11.68 on Friday. Cartica Acquisition has a 12 month low of $10.89 and a 12 month high of $12.25. The stock has a 50 day moving average of $11.61 and a 200 day moving average of $11.47.

About Cartica Acquisition

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