Short Interest in Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) Expands By 54.5%

Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 1,700 shares, a growth of 54.5% from the April 15th total of 1,100 shares. Approximately 3.3% of the company's shares are sold short. Based on an average daily volume of 21,600 shares, the days-to-cover ratio is currently 0.1 days.

Capitalworks Emerging Markets Acquisition Stock Performance

Shares of CMCA stock remained flat at $10.96 during mid-day trading on Friday. The stock had a trading volume of 4 shares, compared to its average volume of 5,485. The business has a fifty day moving average price of $11.00 and a two-hundred day moving average price of $10.94. Capitalworks Emerging Markets Acquisition has a 12-month low of $10.46 and a 12-month high of $11.77.

Institutional Trading of Capitalworks Emerging Markets Acquisition

A number of hedge funds have recently made changes to their positions in the company. Glazer Capital LLC boosted its stake in shares of Capitalworks Emerging Markets Acquisition by 113.0% during the fourth 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 in the last quarter. Kim LLC acquired a new position in shares of Capitalworks Emerging Markets Acquisition in the fourth quarter worth approximately $1,736,000. Finally, Cowen AND Company LLC lifted its stake in shares of Capitalworks Emerging Markets Acquisition by 14.2% in the fourth quarter. Cowen AND Company LLC now owns 271,370 shares of the company's stock worth $2,951,000 after acquiring an additional 33,716 shares during the period. 44.92% of the stock is owned by institutional investors and hedge funds.

About Capitalworks Emerging Markets Acquisition

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.