Globalink Investment Inc. (NASDAQ:GLLIW – Get Rating) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 18,900 shares, a decrease of 17.5% from the July 15th total of 22,900 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On Globalink Investment

A number of large investors have recently made changes to their positions in GLLIW. Rivernorth Capital Management LLC acquired a new stake in shares of Globalink Investment during the first quarter valued at approximately $26,000. Ramius Advisors LLC acquired a new position in Globalink Investment in the 2nd quarter valued at approximately $48,000. Murchinson Ltd. acquired a new position in Globalink Investment in the 1st quarter valued at approximately $50,000. MMCAP International Inc. SPC acquired a new position in Globalink Investment in the 1st quarter valued at approximately $64,000. Finally, EHP Funds Inc. acquired a new position in Globalink Investment in the 1st quarter valued at approximately $65,000.

Globalink Investment Price Performance

Shares of GLLIW stock remained flat at $0.08 during trading hours on Tuesday. 15,139 shares of the stock were exchanged, compared to its average volume of 23,255. Globalink Investment has a twelve month low of $0.01 and a twelve month high of $0.29. The firm has a fifty day moving average of $0.05.

Globalink Investment Company Profile

Globalink Investment Inc intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on operating in the technology industry within the e-commerce and payments sectors with a focus on North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.

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