Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS – Get Rating) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,000 shares, an increase of 76.5% from the July 15th total of 1,700 shares. Based on an average trading volume of 18,500 shares, the short-interest ratio is currently 0.2 days.

Cactus Acquisition Corp. 1 Price Performance

Shares of CCTS stock remained flat at $10.01 during midday trading on Friday. The firm's 50-day simple moving average is $9.96 and its 200 day simple moving average is $9.93. Cactus Acquisition Corp. 1 has a 52 week low of $9.81 and a 52 week high of $10.76.

Institutional Investors Weigh In On Cactus Acquisition Corp. 1

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthspring Capital LLC acquired a new stake in shares of Cactus Acquisition Corp. 1 during the 2nd quarter valued at approximately $122,000. Basso Capital Management L.P. purchased a new position in shares of Cactus Acquisition Corp. 1 during the 1st quarter worth approximately $249,000. Karpus Management Inc. purchased a new position in shares of Cactus Acquisition Corp. 1 during the 1st quarter worth approximately $497,000. Wolverine Asset Management LLC purchased a new position in shares of Cactus Acquisition Corp. 1 during the 1st quarter worth approximately $630,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cactus Acquisition Corp. 1 by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 84,406 shares of the company's stock worth $839,000 after purchasing an additional 2,288 shares in the last quarter.

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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