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Short Interest in G Squared Ascend II Inc. (NYSE:GSQB) Declines By 45.0%

Defense World ·  Aug 29, 2022 05:21

G Squared Ascend II Inc. (NYSE:GSQB – Get Rating) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 1,100 shares, a decrease of 45.0% from the July 31st total of 2,000 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is presently 0.0 days.

G Squared Ascend II Price Performance

G Squared Ascend II stock opened at $9.88 on Monday. The business's fifty day simple moving average is $9.85 and its two-hundred day simple moving average is $9.82. G Squared Ascend II has a 12 month low of $9.64 and a 12 month high of $9.92.

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Institutional Trading of G Squared Ascend II

A number of large investors have recently made changes to their positions in GSQB. Bank of Montreal Can bought a new stake in G Squared Ascend II in the 2nd quarter worth approximately $2,476,000. Oribel Capital Management LP bought a new stake in shares of G Squared Ascend II in the first quarter worth $972,000. Finally, Exos Asset Management LLC increased its position in G Squared Ascend II by 3.4% during the first quarter. Exos Asset Management LLC now owns 61,779 shares of the company's stock valued at $607,000 after acquiring an additional 2,059 shares during the last quarter.

G Squared Ascend II Company Profile

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G Squared Ascend II Inc does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its search on companies operating in the software-as-a service, online marketplaces, mobility 2.0/logistics, FinTech/InsurTech, new age media, and sustainability.

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