Cascade Acquisition Corp. (NYSE:CAS) Sees Large Increase in Short Interest

Cascade Acquisition Corp. (NYSE:CASGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 6,600 shares, an increase of 22.2% from the March 31st total of 5,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 63,000 shares, the short-interest ratio is presently 0.1 days.

Shares of CAS traded down $0.01 during midday trading on Tuesday, hitting $10.06. 6,089 shares of the company’s stock traded hands, compared to its average volume of 3,265. The company’s fifty day moving average is $10.05. Cascade Acquisition has a 1 year low of $9.80 and a 1 year high of $10.08.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAS. Crestline Management LP acquired a new position in shares of Cascade Acquisition in the 3rd quarter valued at $100,000. OTA Financial Group L.P. acquired a new position in shares of Cascade Acquisition in the 4th quarter valued at $225,000. Schonfeld Strategic Advisors LLC increased its position in shares of Cascade Acquisition by 14.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 25,609 shares of the company’s stock valued at $255,000 after acquiring an additional 3,324 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Cascade Acquisition in the 3rd quarter valued at $499,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Cascade Acquisition in the 3rd quarter valued at $873,000. 91.02% of the stock is currently owned by hedge funds and other institutional investors.

Cascade Acquisition Company Profile (Get Rating)

Cascade Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus in the areas of financial services industry, such as asset management, consumer and business lending, commercial real estate tech and services, FinTech and business process outsourcing, and InsurTech and insurance services, as well as mortgage origination, housing services, and technology.

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