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

Cartica Acquisition Corp (NASDAQ:CITE) saw a significant increase in short interest in 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 trading volume, of 16,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Cartica Acquisition Price Performance

Shares of CITE opened at $11.31 on Tuesday. Cartica Acquisition has a 1 year low of $10.34 and a 1 year high of $12.67. The company’s 50-day simple moving average is $11.20 and its 200-day simple moving average is $11.07.

Institutional Trading of Cartica Acquisition

Several hedge funds have recently made changes to their positions in CITE. Glazer Capital LLC lifted its position in shares of 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 in the last quarter. Berkley W R Corp lifted its position in shares of Cartica Acquisition by 42.0% during the first quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock worth $6,862,000 after purchasing an additional 184,461 shares in the last quarter. Mizuho Securities USA LLC acquired a new stake in shares of Cartica Acquisition during the fourth quarter worth about $1,830,000. Radcliffe Capital Management L.P. lifted its stake in Cartica Acquisition by 36.2% in the third quarter. Radcliffe Capital Management L.P. now owns 461,554 shares of the company’s stock worth $4,976,000 after acquiring an additional 122,747 shares during the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in Cartica Acquisition in the first quarter worth approximately $452,000. Institutional investors and hedge funds own 42.21% of the company’s stock.

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