Short Interest in Charlton Aria Acquisition Corp (NASDAQ:CHAR) Increases By 85.1%

Charlton Aria Acquisition Corp (NASDAQ:CHAR) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,527 shares, an increase of 85.1% from the August 15th total of 3,526 shares. Based on an average daily volume of 2,018 shares, the days-to-cover ratio is presently 3.2 days.

Charlton Aria Acquisition Trading Down 0.2%

Shares of CHAR stock opened at $10.96 on Thursday. Charlton Aria Acquisition has a 12 month low of $10.33 and a 12 month high of $11.46. The stock has a 50 day moving average of $10.90 and a two-hundred day moving average of $10.76.

Charlton Aria Acquisition (NASDAQ:CHAR) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Charlton Aria Acquisition

Hedge funds have recently made changes to their positions in the business. Berkley W R Corp increased its stake in Charlton Aria Acquisition by 19.4% in the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock valued at $9,304,000 after acquiring an additional 142,746 shares during the period. Sona Asset Management US LLC acquired a new position in Charlton Aria Acquisition in the first quarter worth about $1,058,000. Clear Street Group Inc. lifted its stake in Charlton Aria Acquisition by 277.6% during the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after purchasing an additional 86,000 shares during the period. SkyView Investment Advisors LLC bought a new position in Charlton Aria Acquisition during the second quarter worth about $324,000. Finally, Robinson Capital Management LLC lifted its stake in Charlton Aria Acquisition by 105.4% during the second quarter. Robinson Capital Management LLC now owns 29,716 shares of the company’s stock worth $321,000 after purchasing an additional 15,250 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Charlton Aria Acquisition in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Charlton Aria Acquisition presently has an average rating of “Sell”.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.