Cartica Acquisition Corp (NASDAQ:CITEW) Sees Large Increase in Short Interest

Cartica Acquisition Corp (NASDAQ:CITEW) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 129,700 shares, an increase of 15.2% from the August 15th total of 112,600 shares. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is presently 2.1 days.

Cartica Acquisition Stock Performance

NASDAQ:CITEW remained flat at $0.13 on Tuesday. 7,500 shares of the company’s stock traded hands, compared to its average volume of 67,619. Cartica Acquisition has a 52-week low of $0.03 and a 52-week high of $0.26. The firm’s 50-day simple moving average is $0.16 and its two-hundred day simple moving average is $0.10.

About Cartica Acquisition

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 or entities. It intends to identify and complete a business combination in the technology sector.