Short Interest in Cartesian Growth Corp III (NASDAQ:CGCTU) Increases By ?

Cartesian Growth Corp III (NASDAQ:CGCTU) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 165 shares, a growth of ? from the April 15th total of 0 shares. Based on an average daily trading volume, of 1,298 shares, the short-interest ratio is presently 0.1 days.

Cartesian Growth Corp III Stock Performance

Shares of CGCTU traded up $0.39 on Friday, hitting $11.49. 198 shares of the stock traded hands, compared to its average volume of 2,622. The firm has a 50 day moving average price of $10.91. Cartesian Growth Corp III has a 1 year low of $10.00 and a 1 year high of $12.50.

Hedge Funds Weigh In On Cartesian Growth Corp III

An institutional investor recently bought a new position in Cartesian Growth Corp III stock. OMERS ADMINISTRATION Corp purchased a new position in shares of Cartesian Growth Corp III (NASDAQ:CGCTU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,060 shares of the company’s stock, valued at approximately $129,000.

Cartesian Growth Corp III Company Profile

Cartesian Growth Corp III (NASDAQ: CGCTU) is a special purpose acquisition company (SPAC), also known as a blank-check company, whose principal purpose is to identify, acquire, or merge with operating businesses. As a SPAC, it does not currently conduct commercial operations of its own; instead its business activity centers on sourcing and completing a business combination transaction that would result in a combined operating public company. The NASDAQ listing under the symbol CGCTU reflects units that typically comprise common shares and associated rights such as warrants.

The company’s investment mandate, sector focus and geographic targets are set out in its offering documents and SEC filings.