Cambridge Acquisition Corp (NASDAQ:CAQUU – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 61 shares, a decrease of 61.6% from the April 15th total of 159 shares. Based on an average daily volume of 250 shares, the short-interest ratio is presently 0.2 days.
Cambridge Acquisition Stock Performance
Shares of NASDAQ CAQUU remained flat at $9.97 during mid-day trading on Thursday. 8 shares of the stock were exchanged, compared to its average volume of 87,714. The firm’s fifty day moving average price is $9.95. Cambridge Acquisition has a one year low of $9.90 and a one year high of $10.02.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Cambridge Acquisition to a “hold” rating in a research note on Tuesday, February 17th.
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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