Cartica Acquisition Corp (NASDAQ:CITE) Short Interest Down 63.6% in June

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 400 shares, a decrease of 63.6% from the June 15th total of 1,100 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Cartica Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of CITE. Berkley W R Corp increased its stake in Cartica Acquisition by 42.0% in the first quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock valued at $6,862,000 after purchasing an additional 184,461 shares during the period. 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 valued at $4,590,000 after acquiring an additional 245,507 shares during the period. Mizuho Securities USA LLC purchased a new stake in Cartica Acquisition during the 4th quarter valued at approximately $1,830,000. K2 Principal Fund L.P. purchased a new stake in Cartica Acquisition during the 1st quarter valued at approximately $452,000. Finally, Tuttle Capital Management LLC lifted its position in Cartica Acquisition by 250.0% during the 4th quarter. Tuttle Capital Management LLC now owns 35,000 shares of the company’s stock worth $382,000 after acquiring an additional 25,000 shares during the period. Hedge funds and other institutional investors own 42.21% of the company’s stock.

Cartica Acquisition Stock Performance

Shares of CITE stock remained flat at $11.35 during trading hours on Friday. The stock had a trading volume of 23 shares, compared to its average volume of 1,459. The stock has a fifty day moving average price of $11.23 and a 200 day moving average price of $11.09. Cartica Acquisition has a 1-year low of $10.55 and a 1-year high of $12.25.

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.