Cartica Acquisition Corp (NASDAQ:CITE) Sees Large Drop in Short Interest

Cartica Acquisition Corp (NASDAQ:CITE) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,500 shares, a drop of 47.9% from the February 29th total of 4,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 16,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC purchased a new position in shares of Cartica Acquisition during the first quarter valued at approximately $106,000. State Street Corp purchased a new position in shares of Cartica Acquisition during the second quarter valued at approximately $133,000. Boothbay Fund Management LLC purchased a new position in shares of Cartica Acquisition during the first quarter valued at approximately $165,000. Citadel Advisors LLC purchased a new position in shares of Cartica Acquisition during the second quarter valued at approximately $187,000. Finally, Sea Otter Advisors LLC purchased a new position in shares of Cartica Acquisition during the first quarter valued at approximately $187,000. Hedge funds and other institutional investors own 42.21% of the company’s stock.

Cartica Acquisition Trading Down 0.1 %

Cartica Acquisition stock traded down $0.01 during mid-day trading on Friday, reaching $11.09. The stock had a trading volume of 3,508 shares, compared to its average volume of 19,123. Cartica Acquisition has a fifty-two week low of $10.34 and a fifty-two week high of $12.67. The stock’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $10.90.

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.