Golden Arrow Merger Corp. (NASDAQ:GAMC – Get Rating) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 3,100 shares, a drop of 64.0% from the September 30th total of 8,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 36,300 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Golden Arrow Merger
Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in Golden Arrow Merger in the 1st quarter valued at about $8,187,000. Calamos Advisors LLC purchased a new position in Golden Arrow Merger in the 3rd quarter valued at about $3,735,000. Aristeia Capital LLC purchased a new position in Golden Arrow Merger in the 1st quarter valued at about $1,952,000. Cantor Fitzgerald L. P. purchased a new position in Golden Arrow Merger in the 1st quarter valued at about $1,952,000. Finally, Saba Capital Management L.P. lifted its holdings in Golden Arrow Merger by 20.9% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 67.55% of the company's stock.
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Golden Arrow Merger Trading Up 0.4 %
Golden Arrow Merger stock traded up $0.04 during mid-day trading on Wednesday, reaching $9.94. The company had a trading volume of 1,482,759 shares, compared to its average volume of 55,653. The stock's 50-day simple moving average is $9.82 and its 200-day simple moving average is $9.79. Golden Arrow Merger has a 1 year low of $9.59 and a 1 year high of $9.94.
About Golden Arrow Merger
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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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