Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC – Get Rating) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 400 shares, a decline of 99.6% from the August 15th total of 101,100 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GHAC. Saba Capital Management L.P. boosted its position in Gaming & Hospitality Acquisition by 0.3% during the first quarter. Saba Capital Management L.P. now owns 701,790 shares of the company's stock worth $6,871,000 after purchasing an additional 1,988 shares in the last quarter. PEAK6 Investments LLC acquired a new position in shares of Gaming & Hospitality Acquisition during the fourth quarter valued at approximately $26,000. Integrity Capital Management HK Ltd acquired a new position in shares of Gaming & Hospitality Acquisition during the first quarter valued at approximately $48,000. Sculptor Capital LP raised its holdings in shares of Gaming & Hospitality Acquisition by 1.8% during the second quarter. Sculptor Capital LP now owns 467,109 shares of the company's stock valued at $4,578,000 after acquiring an additional 8,411 shares during the last quarter. Finally, Whitebox Advisors LLC raised its holdings in shares of Gaming & Hospitality Acquisition by 19.3% during the fourth quarter. Whitebox Advisors LLC now owns 100,000 shares of the company's stock valued at $981,000 after acquiring an additional 16,188 shares during the last quarter. 65.54% of the stock is owned by institutional investors and hedge funds.

Gaming & Hospitality Acquisition Price Performance

Shares of NASDAQ:GHAC opened at $9.84 on Wednesday. The business's 50-day moving average is $9.84 and its 200 day moving average is $9.81. Gaming & Hospitality Acquisition has a 1 year low of $9.68 and a 1 year high of $9.88.

About Gaming & Hospitality Acquisition

Gaming & Hospitality 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 acquire companies in the gaming and hospitality sectors.

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