Charlton Aria Acquisition Corp (NASDAQ:CHAR) Short Interest Down 33.0% in May

Charlton Aria Acquisition Corp (NASDAQ:CHAR) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,553 shares, a decrease of 33.0% from the May 14th total of 6,799 shares. Based on an average trading volume of 20,367 shares, the days-to-cover ratio is currently 0.2 days.

Charlton Aria Acquisition Stock Performance

NASDAQ CHAR opened at $10.78 on Tuesday. The stock has a 50-day moving average of $10.70. Charlton Aria Acquisition has a 52 week low of $10.25 and a 52 week high of $11.30.

Charlton Aria Acquisition (NASDAQ:CHAR) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.06 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Charlton Aria Acquisition in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHAR. ABC Arbitrage SA bought a new position in shares of Charlton Aria Acquisition in the fourth quarter worth about $209,000. Glazer Capital LLC raised its stake in shares of Charlton Aria Acquisition by 5.3% in the fourth quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after buying an additional 2,528 shares during the period. Clear Street Group Inc. raised its stake in shares of Charlton Aria Acquisition by 277.6% in the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after buying an additional 86,000 shares during the period. Berkley W R Corp raised its stake in shares of Charlton Aria Acquisition by 19.4% in the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after buying an additional 142,746 shares during the period. Finally, Sona Asset Management US LLC bought a new position in shares of Charlton Aria Acquisition in the first quarter worth about $1,058,000.

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.