Cascadia Acquisition Corp. (NASDAQ:CCAI – Get Rating) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 6,100 shares, an increase of 29.8% from the March 15th total of 4,700 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,400 shares, the short-interest ratio is presently 0.8 days.
Shares of CCAI opened at $9.78 on Monday. The firm’s fifty day moving average price is $9.74. Cascadia Acquisition has a twelve month low of $9.63 and a twelve month high of $9.95.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Exos Asset Management LLC boosted its position in Cascadia Acquisition by 3.4% during the 1st quarter. Exos Asset Management LLC now owns 51,721 shares of the company’s stock valued at $504,000 after buying an additional 1,721 shares during the period. Woodline Partners LP purchased a new stake in shares of Cascadia Acquisition in the 4th quarter worth about $2,907,000. Oaktree Capital Management LP purchased a new stake in shares of Cascadia Acquisition in the 4th quarter worth about $1,457,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Cascadia Acquisition in the 4th quarter worth about $99,000. Finally, Karpus Management Inc. purchased a new stake in shares of Cascadia Acquisition in the 4th quarter worth about $3,740,000.
Cascadia Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Seattle, Washington.
- Get a free copy of the StockNews.com research report on Cascadia Acquisition (CCAI)
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