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Cartesian Growth Co. II (NASDAQ:RENEU) Short Interest Down 66.7% in March

kopsource ·  Mar 27, 2023 18:52

Cartesian Growth Co. II (NASDAQ:RENEU – Get Rating) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 66.7% from the February 28th total of 300 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 0.1 days.

Cartesian Growth Co. II Price Performance

Shares of RENEU stock traded up $0.02 during trading hours on Monday, reaching $10.50. The stock had a trading volume of 1,400 shares, compared to its average volume of 3,083. The stock's fifty day simple moving average is $10.42 and its 200 day simple moving average is $10.26. Cartesian Growth Co. II has a 12 month low of $9.91 and a 12 month high of $10.72.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealthspring Capital LLC boosted its holdings in shares of Cartesian Growth Co. II by 17.2% during the 3rd quarter. Wealthspring Capital LLC now owns 253,750 shares of the company's stock valued at $2,540,000 after buying an additional 37,220 shares in the last quarter. Westchester Capital Management LLC purchased a new position in shares of Cartesian Growth Co. II in the 2nd quarter worth about $2,482,000. Condor Capital Management raised its position in shares of Cartesian Growth Co. II by 18.9% in the 3rd quarter. Condor Capital Management now owns 14,500 shares of the company's stock worth $145,000 after purchasing an additional 2,300 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Cartesian Growth Co. II in the 2nd quarter worth about $4,015,000. Finally, MMCAP International Inc. SPC purchased a new position in shares of Cartesian Growth Co. II in the 2nd quarter worth about $6,012,000.

About Cartesian Growth Co. II

(Get Rating)

Cartesian Growth Corporation II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. Cartesian Growth Corporation II was incorporated in 2021 and is based in New York, New York.

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