Cambridge Acquisition Corp (NASDAQ:CAQUU – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,263 shares, an increase of 2,196.4% from the May 31st total of 55 shares. Based on an average daily volume of 474 shares, the short-interest ratio is presently 2.7 days.
Cambridge Acquisition Stock Performance
NASDAQ CAQUU remained flat at $10.01 during trading hours on Thursday. The company has a 50 day simple moving average of $9.98. Cambridge Acquisition has a one year low of $9.90 and a one year high of $10.50.
Cambridge Acquisition Company Profile
Cambridge Acquisition (Nasdaq: CAQUU) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that was formed to raise capital through a public offering and use the proceeds to effect a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more operating businesses. As with other SPACs, Cambridge Acquisition itself does not operate an ongoing commercial business; its primary activity is identifying, evaluating and completing a business combination that will result in an operating company becoming a publicly listed entity.
The units trading under the CAQUU ticker typically consist of shares of common stock and warrants or fractional warrants, which is a standard SPAC capital structure designed to provide initial capital and potential upside to public investors pending a business combination.
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