Cartica Acquisition Corp (NASDAQ:CITEU) Sees Significant Increase in Short Interest

Cartica Acquisition Corp (NASDAQ:CITEU) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 1,300 shares, a growth of 8.3% from the August 31st total of 1,200 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 6.5 days. Currently, 0.0% of the shares of the stock are sold short.

Cartica Acquisition Stock Performance

Shares of Cartica Acquisition stock remained flat at $11.43 on Friday. The company’s 50-day moving average price is $11.56 and its 200 day moving average price is $11.17. Cartica Acquisition has a fifty-two week low of $11.31 and a fifty-two week high of $13.92.

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