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

Cartica Acquisition Corp (NASDAQ:CITE) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,500 shares, a drop of 39.0% from the December 31st total of 4,100 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Cartica Acquisition Trading Up 1.3 %

Shares of CITE stock traded up $0.15 during trading hours on Wednesday, hitting $11.85. 407 shares of the company’s stock were exchanged, compared to its average volume of 4,084. Cartica Acquisition has a 12-month low of $10.89 and a 12-month high of $12.25. The business’s 50 day simple moving average is $11.74 and its 200-day simple moving average is $11.55.

Institutional Trading of Cartica Acquisition

A hedge fund recently raised its stake in Cartica Acquisition stock. Berkley W R Corp boosted its stake in shares of Cartica Acquisition Corp (NASDAQ:CITE) by 98.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,727 shares of the company’s stock after acquiring an additional 170,160 shares during the quarter. Berkley W R Corp owned 4.28% of Cartica Acquisition worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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 or entities. It intends to identify and complete a business combination in the technology sector.