Cartesian Growth Corp IV (NASDAQ:CGCFU) Shares Shorted: Short Interest Up 5,883.3% in September

Cartesian Growth Corp IV (NASDAQ:CGCFU) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 359 shares, a growth of 5,883.3% from the September 15th total of 6 shares. Based on an average daily trading volume, of 7,295 shares, the short-interest ratio is currently 0.0 days.

Cartesian Growth Corp IV Price Performance

NASDAQ CGCFU opened at $9.89 on Friday. The company has a fifty day simple moving average of $9.96. Cartesian Growth Corp IV has a 12-month low of $9.88 and a 12-month high of $10.04.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Cartesian Growth Corp IV to a “hold” rating in a report on Saturday, July 4th.

Cartesian Growth Corp IV Company Profile

Cartesian Growth Corp IV (NASDAQ: CGCFU) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

As a SPAC, Cartesian Growth Corp IV does not operate a conventional commercial business and does not currently offer products or services to customers. Instead, its activities are focused on raising capital through its public offering and evaluating potential acquisition targets.

The company is sponsored by an affiliate of Cartesian Capital Group, an investment firm focused on growth-oriented opportunities.