ClearThink 1 Acquisition Corp (NASDAQ:CTAAU – Get Free Report) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 100 shares, a decline of 74.4% from the July 30th total of 391 shares. Based on an average daily volume of 1,751 shares, the short-interest ratio is presently 0.1 days.
ClearThink 1 Acquisition Price Performance
CTAAU stock remained flat at $10.10 on Friday. ClearThink 1 Acquisition has a one year low of $9.94 and a one year high of $10.38. The firm has a 50 day simple moving average of $10.08.
ClearThink 1 Acquisition Company Profile
ClearThink 1 Acquisition (NASDAQ: CTAAU) is a publicly listed special purpose acquisition company (SPAC) that raised capital through an initial public offering for the primary purpose of effecting a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, its principal business activity is to identify and complete a transaction that will bring a private operating company public through a business combination rather than through a traditional IPO process.
Like most SPACs, ClearThink 1 Acquisition issued units that typically include shares and warrants and holds proceeds from its IPO in a trust account pending the completion of a qualifying business combination.
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