Short Interest in L Catterton Asia Acquisition Corp (NASDAQ:LCAA) Rises By 1,134.3%

L Catterton Asia Acquisition Corp (NASDAQ:LCAAGet Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 43,200 shares, an increase of 1,134.3% from the January 15th total of 3,500 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 200,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BCK Capital Management LP bought a new position in L Catterton Asia Acquisition during the 3rd quarter valued at $416,000. Spartan Fund Management Inc. purchased a new position in shares of L Catterton Asia Acquisition during the second quarter worth about $792,000. Virtu Financial LLC grew its holdings in shares of L Catterton Asia Acquisition by 64.4% during the fourth quarter. Virtu Financial LLC now owns 80,550 shares of the company’s stock worth $814,000 after purchasing an additional 31,558 shares in the last quarter. UBS Group AG purchased a new position in shares of L Catterton Asia Acquisition during the first quarter worth about $846,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of L Catterton Asia Acquisition during the first quarter worth about $849,000. 65.14% of the stock is owned by institutional investors and hedge funds.

L Catterton Asia Acquisition Trading Up 3.3 %

NASDAQ:LCAA opened at $9.45 on Tuesday. The stock has a 50 day simple moving average of $10.65 and a 200 day simple moving average of $10.65. L Catterton Asia Acquisition has a 1-year low of $8.59 and a 1-year high of $13.99. The stock has a market cap of $273.58 million, a P/E ratio of 236.31 and a beta of 0.01.

L Catterton Asia Acquisition (NASDAQ:LCAAGet Free Report) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.04 earnings per share for the quarter.

About L Catterton Asia Acquisition

(Get Free Report)

L Catterton Asia Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring business in the consumer technology sectors in Asia.

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