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

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large growth in short interest in 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

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

Cartica Acquisition Price Performance

CITE opened at $11.68 on Friday. The company’s 50 day moving average is $11.61 and its 200 day moving average is $11.47. Cartica Acquisition has a 12-month low of $10.89 and a 12-month high of $12.25.

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.