Cetus Capital Acquisition Corp. (NASDAQ:CETU) Short Interest Down 30.8% in June

Cetus Capital Acquisition Corp. (NASDAQ:CETU) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 900 shares, a drop of 30.8% from the June 15th total of 1,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CETU. Mizuho Securities USA LLC lifted its stake in shares of Cetus Capital Acquisition by 85.0% during the fourth quarter. Mizuho Securities USA LLC now owns 366,040 shares of the company’s stock worth $3,840,000 after purchasing an additional 168,209 shares in the last quarter. HGC Investment Management Inc. purchased a new position in Cetus Capital Acquisition in the 4th quarter worth approximately $1,838,000. Bulldog Investors LLP acquired a new stake in Cetus Capital Acquisition in the fourth quarter valued at approximately $1,318,000. K2 Principal Fund L.P. acquired a new position in shares of Cetus Capital Acquisition during the first quarter worth $1,016,000. Finally, Walleye Trading LLC purchased a new position in shares of Cetus Capital Acquisition in the first quarter valued at $668,000. Hedge funds and other institutional investors own 70.04% of the company’s stock.

Cetus Capital Acquisition Stock Performance

Shares of Cetus Capital Acquisition stock traded down $0.54 during trading hours on Monday, reaching $5.14. The stock had a trading volume of 32,405 shares, compared to its average volume of 52,939. Cetus Capital Acquisition has a 1 year low of $4.71 and a 1 year high of $16.00. The firm has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $10.40.

About Cetus Capital Acquisition

Cetus Capital Acquisition Corp. does not have significant operations. The company focuses on merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. Cetus Capital Acquisition Corp. was incorporated in 2022 and is based in Taipei, Taiwan.