Short Interest in Cartesian Growth Corp III (NASDAQ:CGCT) Increases By 100.8%

Cartesian Growth Corp III (NASDAQ:CGCT) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 175,212 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Cartesian Growth Corp III Stock Performance

Shares of Cartesian Growth Corp III stock traded up $0.50 during trading hours on Monday, hitting $13.03. 26,744 shares of the company’s stock traded hands, compared to its average volume of 184,970. Cartesian Growth Corp III has a twelve month low of $9.26 and a twelve month high of $15.30. The stock has a 50 day moving average of $10.44. The stock has a market cap of $449.54 million and a P/E ratio of 54.67.

Cartesian Growth Corp III (NASDAQ:CGCT) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter. The business had revenue of $2.49 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of Cartesian Growth Corp III by 264.9% in the 4th quarter. UBS Group AG now owns 215,841 shares of the company’s stock worth $2,222,000 after purchasing an additional 156,697 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Cartesian Growth Corp III in the fourth quarter worth $1,030,000. Highbridge Capital Management LLC bought a new stake in Cartesian Growth Corp III in the fourth quarter valued at $20,580,000. Marex Group plc acquired a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at $309,000. Finally, L1 Global Manager Pty Ltd bought a new position in shares of Cartesian Growth Corp III during the fourth quarter worth about $2,059,000.

Cartesian Growth Corp III Company Profile

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.