Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 10,300 shares, a growth of 24.1% from the June 30th total of 8,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 66,400 shares, the short-interest ratio is currently 0.2 days.
Marblegate Acquisition Stock Performance
NASDAQ GATE traded down $0.01 on Wednesday, reaching $9.92. The company had a trading volume of 1,700 shares, compared to its average volume of 1,789. Marblegate Acquisition has a fifty-two week low of $9.76 and a fifty-two week high of $10.29. The business has a 50 day moving average of $9.89 and a two-hundred day moving average of $9.86.
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Institutional Trading of Marblegate Acquisition
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Marblegate Acquisition by 34.1% in the first quarter. Royal Bank of Canada now owns 46,275 shares of the company's stock valued at $456,000 after purchasing an additional 11,775 shares during the period. Wolverine Asset Management LLC increased its holdings in Marblegate Acquisition by 26.4% in the second quarter. Wolverine Asset Management LLC now owns 166,245 shares of the company's stock valued at $1,642,000 after purchasing an additional 34,722 shares during the period. Sculptor Capital LP acquired a new stake in Marblegate Acquisition during the 1st quarter worth about $359,000. Blackstone Inc. acquired a new stake in Marblegate Acquisition during the 1st quarter worth about $850,000. Finally, Prelude Capital Management LLC acquired a new stake in Marblegate Acquisition during the 1st quarter worth about $985,000. 85.44% of the stock is currently owned by institutional investors and hedge funds.
Marblegate Acquisition Company Profile
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Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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