Charlton Aria Acquisition Corp (NASDAQ:CHAR) Short Interest Down 33.0% in May

Charlton Aria Acquisition Corp (NASDAQ:CHAR) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 4,553 shares, a decline of 33.0% from the May 14th total of 6,799 shares. Based on an average daily volume of 20,367 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Charlton Aria Acquisition currently has a consensus rating of “Sell”.

Charlton Aria Acquisition Stock Performance

Charlton Aria Acquisition stock opened at $10.78 on Tuesday. Charlton Aria Acquisition has a one year low of $10.25 and a one year high of $11.30. The firm’s fifty day simple moving average is $10.70.

Charlton Aria Acquisition (NASDAQ:CHAR) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.06 EPS for the quarter.

Institutional Investors Weigh In On Charlton Aria Acquisition

Institutional investors have recently modified their holdings of the business. ABC Arbitrage SA purchased a new stake in shares of Charlton Aria Acquisition during the fourth quarter valued at $209,000. Glazer Capital LLC lifted its holdings in Charlton Aria Acquisition by 5.3% in the fourth quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock valued at $526,000 after acquiring an additional 2,528 shares during the period. Sona Asset Management US LLC bought a new position in Charlton Aria Acquisition in the first quarter valued at about $1,058,000. Clear Street Group Inc. lifted its holdings in Charlton Aria Acquisition by 277.6% in the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after acquiring an additional 86,000 shares during the period. Finally, Berkley W R Corp lifted its holdings in Charlton Aria Acquisition by 19.4% in the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock valued at $9,304,000 after acquiring an additional 142,746 shares during the period.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.