Cartesian Growth Co. II (NASDAQ:RENE) Sees Large Decline in Short Interest

Cartesian Growth Co. II (NASDAQ:RENE) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 300 shares, a decline of 72.7% from the October 31st total of 1,100 shares. Based on an average trading volume of 95,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RENE. Crossingbridge Advisors LLC boosted its position in Cartesian Growth Co. II by 48.6% during the 3rd quarter. Crossingbridge Advisors LLC now owns 790,263 shares of the company’s stock worth $9,061,000 after acquiring an additional 258,390 shares during the last quarter. Wolverine Asset Management LLC grew its position in Cartesian Growth Co. II by 16.1% in the second quarter. Wolverine Asset Management LLC now owns 420,823 shares of the company’s stock valued at $4,745,000 after purchasing an additional 58,469 shares in the last quarter. Shaolin Capital Management LLC increased its stake in Cartesian Growth Co. II by 34.3% in the 2nd quarter. Shaolin Capital Management LLC now owns 650,000 shares of the company’s stock valued at $7,329,000 after buying an additional 165,931 shares during the last quarter. Berkley W R Corp lifted its position in Cartesian Growth Co. II by 10.1% during the 2nd quarter. Berkley W R Corp now owns 1,406,400 shares of the company’s stock worth $15,864,000 after buying an additional 128,947 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Cartesian Growth Co. II by 151.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $11,307,000 after buying an additional 594,424 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Cartesian Growth Co. II Price Performance

RENE stock traded up $0.02 during trading hours on Thursday, reaching $11.64. 8,669 shares of the stock were exchanged, compared to its average volume of 84,969. The firm’s 50-day moving average is $11.54 and its 200-day moving average is $11.39. Cartesian Growth Co. II has a 12 month low of $10.90 and a 12 month high of $11.67.

Cartesian Growth Co. II Company Profile

Cartesian Growth Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.