Cartesian Growth Co. II (NASDAQ:RENE) Sees Significant Drop in Short Interest

Cartesian Growth Co. II (NASDAQ:RENE - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a decline of 25.0% from the January 31st total of 400 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 0.0 days.Institutional Trading of Cartesian Growth Co. IIInstitutional investors and hedge funds have recently modified their holdings of the stock. Cantor Fitzgerald L. P. bought a new stake in shares of Cartesian Growth Co. II in the 4th quarter valued at about $22,125,000. Mizuho Securities USA LLC increased its holdings in Cartesian Growth Co. II by 151.2% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company's stock valued at $11,307,000 after buying an additional 594,424 shares during the period. Westchester Capital Management LLC raised its stake in Cartesian Growth Co. II by 28.8% in the third quarter. Westchester Capital Management LLC now owns 1,611,362 shares of the company's stock worth $18,466,000 after buying an additional 359,991 shares in the last quarter. Crossingbridge Advisors LLC lifted its holdings in Cartesian Growth Co. II by 48.6% during the third quarter. Crossingbridge Advisors LLC now owns 790,263 shares of the company's stock worth $9,061,000 after buying an additional 258,390 shares during the period. Finally, Alpine Global Management LLC purchased a new position in shares of Cartesian Growth Co. II in the 4th quarter valued at $2,332,000. Institutional investors own 58.96% of the company's stock. Cartesian Growth Co. II Stock PerformanceNASDAQ:RENE opened at $11.73 on Monday. The stock's fifty day moving average is $11.73 and its 200 day moving average is $11.59. Cartesian Growth Co. II has a fifty-two week low of $11.05 and a fifty-two week high of $11.80. Cartesian Growth Co. II Company Profile (Get Free Report)Cartesian Growth Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on October 13, 2021 and is headquartered in New York, NY.Further ReadingFive stocks we like better than Cartesian Growth Co. IIHow to Invest in Biotech StocksChaos and Cash: Finding Opportunity in VolatilityShould You Add These Warren Buffett Stocks to Your Portfolio?Realty Income: An Anchor in Volatile MarketsInvesting in Construction StocksAutodesk Designs Value for Investors: Uptrend Set to ContinueThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cartesian Growth Co. II Right Now?Before you consider Cartesian Growth Co. II, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cartesian Growth Co. II wasn't on the list.While Cartesian Growth Co. II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here