ClearThink 1 Acquisition Corp. (NASDAQ:CTAA) Sees Significant Increase in Short Interest

ClearThink 1 Acquisition Corp. (NASDAQ:CTAA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 273 shares, an increase of 155.1% from the August 15th total of 107 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 936 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of ClearThink 1 Acquisition in a research report on Monday, July 13th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

ClearThink 1 Acquisition Stock Performance

NASDAQ:CTAA traded up $0.06 during midday trading on Tuesday, hitting $10.01. The company had a trading volume of 485 shares, compared to its average volume of 69,265. ClearThink 1 Acquisition has a 52-week low of $9.82 and a 52-week high of $10.00. The stock has a fifty day simple moving average of $9.96.

About ClearThink 1 Acquisition

ClearThink 1 Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.