Cartesian Growth Corp III (NASDAQ:CGCT) Short Interest Up 100.8% in May

Cartesian Growth Corp III (NASDAQ:CGCT – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 22,812 shares, a growth of 100.8% from the April 30th total of 11,362 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 175,212 shares, the short-interest ratio is presently 0.1 days.

Cartesian Growth Corp III Stock Down 3.6%

NASDAQ CGCT opened at $12.48 on Wednesday. The company has a market cap of $430.56 million and a P/E ratio of 52.00. Cartesian Growth Corp III has a 12-month low of $9.26 and a 12-month high of $15.30. The firm has a 50-day simple moving average of $10.49.

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Cartesian Growth Corp III (NASDAQ:CGCT – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $2.49 million during the quarter.

Institutional Trading of Cartesian Growth Corp III

A number of institutional investors have recently bought and sold shares of the business. Lineage Point Capital LP bought a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $1,983,000. Readystate Asset Management LP bought a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $257,000. Rivernorth Capital Management LLC lifted its holdings in shares of Cartesian Growth Corp III by 23.1% during the 4th quarter. Rivernorth Capital Management LLC now owns 133,142 shares of the company’s stock worth $1,371,000 after acquiring an additional 24,999 shares during the period. PenderFund Capital Management Ltd. bought a new stake in shares of Cartesian Growth Corp III during the 4th quarter worth approximately $234,000. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of Cartesian Growth Corp III during the 4th quarter worth approximately $7,300,000.

Cartesian Growth Corp III Company Profile

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Cartesian Growth Corp III (NASDAQ: CGCT) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that is listed on the Nasdaq stock exchange. As a SPAC, Cartesian Growth Corp III was formed to raise capital through an initial public offering with the objective of identifying, negotiating and completing one or more business combinations or acquisitions. The company itself does not operate an ongoing commercial business prior to completing a business combination.

The company’s principal activities center on sourcing potential acquisition targets, conducting due diligence, arranging transaction financing and completing a business combination that would result in an operating public company.

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