Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS – Get Rating) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 3,000 shares, a decrease of 26.8% from the August 31st total of 4,100 shares. Based on an average daily volume of 20,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Cactus Acquisition Corp. 1

A number of institutional investors have recently made changes to their positions in CCTS. Highbridge Capital Management LLC boosted its position in Cactus Acquisition Corp. 1 by 67.5% during the 1st quarter. Highbridge Capital Management LLC now owns 668,357 shares of the company's stock valued at $6,650,000 after buying an additional 269,389 shares during the period. Saba Capital Management L.P. boosted its position in Cactus Acquisition Corp. 1 by 64.9% during the 1st quarter. Saba Capital Management L.P. now owns 650,358 shares of the company's stock valued at $6,465,000 after buying an additional 255,900 shares during the period. Sculptor Capital LP boosted its position in Cactus Acquisition Corp. 1 by 140.0% during the 1st quarter. Sculptor Capital LP now owns 600,000 shares of the company's stock valued at $5,964,000 after buying an additional 350,000 shares during the period. Context Capital Management LLC purchased a new stake in Cactus Acquisition Corp. 1 during the 1st quarter valued at $5,029,000. Finally, P Schoenfeld Asset Management LP purchased a new stake in Cactus Acquisition Corp. 1 during the 1st quarter valued at $3,976,000.

Cactus Acquisition Corp. 1 Price Performance

Shares of Cactus Acquisition Corp. 1 stock traded down $0.01 during trading on Friday, reaching $10.05. The company's stock had a trading volume of 1,426 shares, compared to its average volume of 21,718. Cactus Acquisition Corp. 1 has a 52-week low of $9.81 and a 52-week high of $10.76. The firm's 50-day moving average is $10.03 and its two-hundred day moving average is $9.97.

Cactus Acquisition Corp. 1 Company Profile

Cactus Acquisition Corp. 1 Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology-based healthcare industries. The company was incorporated in 2021 and is based in Cranbury, New Jersey.

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