Short Interest in Charlton Aria Acquisition Co. (NASDAQ:CHARR) Drops By 28.3%

Charlton Aria Acquisition Co. (NASDAQ:CHARR) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 35,216 shares, a drop of 28.3% from the December 15th total of 49,146 shares. Based on an average trading volume of 3,201 shares, the short-interest ratio is currently 11.0 days. Based on an average trading volume of 3,201 shares, the short-interest ratio is currently 11.0 days.

Charlton Aria Acquisition Price Performance

CHARR stock remained flat at $0.19 during mid-day trading on Friday. 8 shares of the company’s stock traded hands, compared to its average volume of 150. The firm’s 50-day moving average price is $0.18 and its 200-day moving average price is $0.19. Charlton Aria Acquisition has a 1-year low of $0.08 and a 1-year high of $0.29.

Charlton Aria Acquisition Corp (NASDAQ: CHARR) is a special purpose acquisition company (SPAC) organized in April 2021 with the primary purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets. The company does not currently engage in any commercial operations and intends to focus its efforts on identifying promising enterprises for a merger or acquisition.

The company completed its initial public offering in October 2021 and its units trade on the Nasdaq under the ticker symbol CHARR.