Short Interest in Cartica Acquisition Corp (NASDAQ:CITE) Expands By 6.3%

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,400 shares, an increase of 6.3% from the March 31st total of 3,200 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Cartica Acquisition Price Performance

CITE opened at $11.14 on Thursday. The stock’s 50 day moving average price is $11.06 and its two-hundred day moving average price is $10.95. Cartica Acquisition has a 12-month low of $10.34 and a 12-month high of $12.67.

Institutional Investors Weigh In On Cartica Acquisition

Hedge funds have recently modified their holdings of the business. Tuttle Capital Management LLC lifted its stake in shares of Cartica Acquisition by 250.0% in the fourth quarter. Tuttle Capital Management LLC now owns 35,000 shares of the company’s stock valued at $382,000 after buying an additional 25,000 shares during the period. Robinson Capital Management LLC bought a new stake in shares of Cartica Acquisition in the 3rd quarter worth approximately $489,000. Mizuho Securities USA LLC bought a new stake in shares of Cartica Acquisition in the 4th quarter worth approximately $1,830,000. Cowen AND Company LLC acquired a new stake in shares of Cartica Acquisition during the 3rd quarter worth approximately $2,209,000. Finally, Glazer Capital LLC increased 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 valued at $4,590,000 after purchasing an additional 245,507 shares during the period. 42.21% of the stock is owned by institutional investors.

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.