Golden Arrow Merger Corp. (NASDAQ:GAMC – Get Rating) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 4,600 shares, a drop of 89.3% from the November 15th total of 42,800 shares. Based on an average daily volume of 127,400 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Golden Arrow Merger Price Performance

Shares of NASDAQ:GAMC traded up $0.01 during trading hours on Monday, hitting $10.06. The stock had a trading volume of 524 shares, compared to its average volume of 78,302. The stock's fifty day simple moving average is $9.94 and its 200 day simple moving average is $9.85. Golden Arrow Merger has a 1-year low of $9.59 and a 1-year high of $10.06.

Institutional Investors Weigh In On Golden Arrow Merger

Several large investors have recently made changes to their positions in GAMC. Basso Capital Management L.P. increased its stake in shares of Golden Arrow Merger by 1.3% in the first quarter. Basso Capital Management L.P. now owns 337,084 shares of the company's stock valued at $3,290,000 after purchasing an additional 4,418 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Golden Arrow Merger in the first quarter valued at approximately $8,187,000. Aristeia Capital LLC acquired a new stake in shares of Golden Arrow Merger in the first quarter valued at approximately $1,952,000. Saba Capital Management L.P. increased its stake in shares of Golden Arrow Merger by 20.9% in the first quarter. Saba Capital Management L.P. now owns 829,337 shares of the company's stock valued at $8,103,000 after purchasing an additional 143,300 shares during the period. Finally, Glazer Capital LLC increased its stake in shares of Golden Arrow Merger by 472.0% in the first quarter. Glazer Capital LLC now owns 16,867 shares of the company's stock valued at $165,000 after purchasing an additional 13,918 shares during the period. Institutional investors and hedge funds own 67.55% of the company's stock.

About Golden Arrow Merger

Golden Arrow Merger Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the healthcare or healthcare-related infrastructure industries in the United States and other developed countries.

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