Cartica Acquisition Corp (NASDAQ:CITE – Get Rating) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 500 shares, a decline of 78.3% from the July 15th total of 2,300 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lynwood Capital Management Inc. bought a new position in shares of Cartica Acquisition during the 1st quarter valued at about $132,000. Glazer Capital LLC bought a new stake in shares of Cartica Acquisition in the first quarter valued at about $191,000. OMERS ADMINISTRATION Corp acquired a new stake in Cartica Acquisition in the 1st quarter valued at approximately $200,000. Berkley W R Corp acquired a new position in Cartica Acquisition during the 1st quarter worth approximately $250,000. Finally, DLD Asset Management LP acquired a new stake in shares of Cartica Acquisition in the first quarter valued at approximately $346,000. 29.72% of the stock is owned by institutional investors and hedge funds.

Cartica Acquisition Price Performance

Shares of NASDAQ:CITE traded down $0.01 during mid-day trading on Friday, reaching $10.07. The stock had a trading volume of 1,307 shares, compared to its average volume of 63,270. Cartica Acquisition has a twelve month low of $9.80 and a twelve month high of $10.10. The stock has a 50 day moving average of $10.02.

Cartica Acquisition Company Profile

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.

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