Cetus Capital Acquisition Corp. (NASDAQ:CETU – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,300 shares, a growth of 85.7% from the May 31st total of 700 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.
Cetus Capital Acquisition Price Performance
NASDAQ CETU remained flat at $10.70 during trading hours on Friday. The firm has a fifty day moving average of $10.61 and a 200 day moving average of $10.56. Cetus Capital Acquisition has a one year low of $10.26 and a one year high of $11.53.
Institutional Investors Weigh In On Cetus Capital Acquisition
Several large investors have recently added to or reduced their stakes in CETU. Shaolin Capital Management LLC bought a new stake in Cetus Capital Acquisition during the third quarter worth approximately $3,110,000. Mizuho Securities USA LLC increased its stake in Cetus Capital Acquisition by 85.0% during the fourth quarter. Mizuho Securities USA LLC now owns 366,040 shares of the company’s stock worth $3,840,000 after acquiring an additional 168,209 shares during the last quarter. Clear Street LLC increased its stake in Cetus Capital Acquisition by 36,412.1% during the fourth quarter. Clear Street LLC now owns 51,117 shares of the company’s stock worth $537,000 after acquiring an additional 50,977 shares during the last quarter. Bulldog Investors LLP bought a new stake in Cetus Capital Acquisition during the fourth quarter worth approximately $1,318,000. Finally, HGC Investment Management Inc. bought a new stake in Cetus Capital Acquisition during the fourth quarter worth approximately $1,838,000. 70.04% of the stock is owned by institutional investors.
About Cetus Capital Acquisition
Cetus Capital Acquisition Corp. does not have significant operations. The company focuses on merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. Cetus Capital Acquisition Corp. was incorporated in 2022 and is based in Taipei, Taiwan.
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