Cartesian Growth Corporation IV (NASDAQ:CGCF) Shares Shorted: Short Interest Up 139.5% in October

Cartesian Growth Corporation IV (NASDAQ:CGCF) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 182 shares, an increase of 139.5% from the October 15th total of 76 shares. Based on an average daily trading volume, of 42,154 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Cartesian Growth Corporation IV Stock Performance

Shares of NASDAQ:CGCF traded up $0.01 on Friday, reaching $9.81. The company’s stock had a trading volume of 18,159 shares, compared to its average volume of 48,272. Cartesian Growth Corporation IV has a 52-week low of $9.77 and a 52-week high of $10.00. The business has a 50-day moving average price of $9.82.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Cartesian Growth Corporation IV in a report on Monday. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

About Cartesian Growth Corporation IV

Cartesian Growth Corporation IV is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with an existing company. It does not currently operate a commercial business or offer products or services. The company is associated with Cartesian Capital Group, an investment firm. Its purpose is to identify and combine with a separate business; until a transaction is completed, it has no operating customer base or geographic markets to describe.