Cascadia Acquisition Corp. (NASDAQ:CCAI – Get Rating) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 1,300 shares, a decrease of 73.5% from the September 15th total of 4,900 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 0.1 days.

Cascadia Acquisition Price Performance

Shares of Cascadia Acquisition stock opened at $9.87 on Thursday. The business has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $9.80. Cascadia Acquisition has a 12 month low of $9.63 and a 12 month high of $9.95.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Exos Asset Management LLC increased its stake in shares of Cascadia Acquisition by 3.4% during the first quarter. Exos Asset Management LLC now owns 51,721 shares of the company's stock valued at $504,000 after purchasing an additional 1,721 shares in the last quarter. Millennium Management LLC increased its position in Cascadia Acquisition by 6.7% during the 2nd quarter. Millennium Management LLC now owns 160,100 shares of the company's stock valued at $1,566,000 after buying an additional 10,100 shares in the last quarter. Sculptor Capital LP purchased a new position in Cascadia Acquisition during the second quarter valued at $104,000. Wellspring Financial Advisors LLC bought a new stake in Cascadia Acquisition in the first quarter worth $154,000. Finally, Centiva Capital LP purchased a new stake in shares of Cascadia Acquisition in the second quarter worth $238,000.

About Cascadia Acquisition

Cascadia Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Seattle, Washington.

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