Short Interest in Charlton Aria Acquisition Corp (NASDAQ:CHAR) Decreases By 33.0%

Charlton Aria Acquisition Corp (NASDAQ:CHAR) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 4,553 shares, a drop of 33.0% from the May 14th total of 6,799 shares. Based on an average trading volume of 20,367 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Charlton Aria Acquisition has a consensus rating of “Sell”.

Hedge Funds Weigh In On Charlton Aria Acquisition

A number of hedge funds have recently bought and sold shares of CHAR. ABC Arbitrage SA purchased a new stake in shares of Charlton Aria Acquisition during the 4th quarter valued at about $209,000. Glazer Capital LLC increased its position in shares of Charlton Aria Acquisition by 5.3% during the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock valued at $526,000 after purchasing an additional 2,528 shares during the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Charlton Aria Acquisition during the 1st quarter valued at about $1,058,000. Clear Street Group Inc. increased its position in shares of Charlton Aria Acquisition by 277.6% during the 4th quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after purchasing an additional 86,000 shares during the last quarter. Finally, Berkley W R Corp increased its position in shares of Charlton Aria Acquisition by 19.4% during the 1st quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock valued at $9,304,000 after purchasing an additional 142,746 shares during the last quarter.

Charlton Aria Acquisition Trading Down 2.0%

Shares of CHAR stock opened at $10.59 on Thursday. Charlton Aria Acquisition has a 12 month low of $10.25 and a 12 month high of $11.30. The firm’s fifty day simple moving average is $10.71.

Charlton Aria Acquisition (NASDAQ:CHAR) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $0.06 earnings per share (EPS) for the quarter.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.