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

ClearThink 1 Acquisition Corp (NASDAQ:CTAAU) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 100 shares, a drop of 74.4% from the July 30th total of 391 shares. Based on an average daily trading volume, of 1,751 shares, the days-to-cover ratio is currently 0.1 days.

ClearThink 1 Acquisition Price Performance

CTAAU stock remained flat at $10.10 during trading on Thursday. The stock has a fifty day moving average price of $10.07. ClearThink 1 Acquisition has a 12-month low of $9.94 and a 12-month high of $10.38.

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.