ClearThink 1 Acquisition Corp (NASDAQ:CTAAU) Short Interest Update

ClearThink 1 Acquisition Corp (NASDAQ:CTAAU) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 491 shares, a decrease of 81.2% from the April 15th total of 2,606 shares. Based on an average trading volume of 9,930 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of ClearThink 1 Acquisition to a “hold” rating in a research report on Saturday, March 14th.

ClearThink 1 Acquisition Trading Down 0.3%

Shares of CTAAU stock traded down $0.03 on Tuesday, hitting $10.02. The company’s stock had a trading volume of 105 shares, compared to its average volume of 29,090. ClearThink 1 Acquisition has a fifty-two week low of $9.94 and a fifty-two week high of $10.15. The firm’s fifty day moving average price is $10.02.

ClearThink 1 Acquisition Company Profile

ClearThink 1 Acquisition (NASDAQ: CTAAU) is a publicly listed special purpose acquisition company (SPAC) that raised capital through an initial public offering for the primary purpose of effecting a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, its principal business activity is to identify and complete a transaction that will bring a private operating company public through a business combination rather than through a traditional IPO process.

Like most SPACs, ClearThink 1 Acquisition issued units that typically include shares and warrants and holds proceeds from its IPO in a trust account pending the completion of a qualifying business combination.