Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) Short Interest Up 52.6% in May

Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCAGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,900 shares, a growth of 52.6% from the May 15th total of 1,900 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the shares of the company are short sold.

Capitalworks Emerging Markets Acquisition Stock Performance

CMCA traded up $0.03 during trading on Friday, reaching $11.05. 5,991 shares of the company were exchanged, compared to its average volume of 6,985. Capitalworks Emerging Markets Acquisition has a 12-month low of $10.49 and a 12-month high of $11.77. The company’s 50-day moving average is $11.02 and its two-hundred day moving average is $10.98.

Institutional Investors Weigh In On Capitalworks Emerging Markets Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cowen AND Company LLC grew its stake in Capitalworks Emerging Markets Acquisition by 14.2% during the fourth quarter. Cowen AND Company LLC now owns 271,370 shares of the company’s stock valued at $2,951,000 after acquiring an additional 33,716 shares in the last quarter. Kim LLC bought a new position in Capitalworks Emerging Markets Acquisition in the 4th quarter valued at $1,736,000. Glazer Capital LLC boosted its holdings in Capitalworks Emerging Markets Acquisition by 113.0% in the 4th quarter. Glazer Capital LLC now owns 481,113 shares of the company’s stock valued at $5,232,000 after purchasing an additional 255,288 shares during the period. K2 Principal Fund L.P. purchased a new position in shares of Capitalworks Emerging Markets Acquisition during the 1st quarter valued at $2,139,000. Finally, Sandia Investment Management LP increased its holdings in shares of Capitalworks Emerging Markets Acquisition by 82.7% in the first quarter. Sandia Investment Management LP now owns 125,000 shares of the company’s stock worth $1,376,000 after purchasing an additional 56,600 shares during the period. 44.92% of the stock is currently owned by institutional investors.

Capitalworks Emerging Markets Acquisition Company Profile

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Capitalworks Emerging Markets Acquisition Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to search on companies operating in consumer and consumer technology; financial and business services; healthcare and technology; and media and telecom sectors.

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