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Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC) Sees Large Increase in Short Interest

Defense World ·  Sep 29, 2022 03:21

Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC – Get Rating) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 89,300 shares, an increase of 22,225.0% from the August 31st total of 400 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is currently 3.2 days. Approximately 0.4% of the company's stock are sold short.

Institutional Trading of Gaming & Hospitality Acquisition

Large investors have recently added to or reduced their stakes in the stock. Integrity Capital Management HK Ltd purchased a new stake in Gaming & Hospitality Acquisition during the first quarter worth about $48,000. Wolverine Asset Management LLC increased its stake in shares of Gaming & Hospitality Acquisition by 86.9% in the first quarter. Wolverine Asset Management LLC now owns 363,701 shares of the company's stock worth $3,553,000 after purchasing an additional 169,089 shares in the last quarter. Apollo Management Holdings L.P. purchased a new position in shares of Gaming & Hospitality Acquisition in the first quarter worth about $3,420,000. Cheyne Capital Management UK LLP purchased a new position in shares of Gaming & Hospitality Acquisition in the first quarter worth about $294,000. Finally, Bank of Montreal Can purchased a new position in shares of Gaming & Hospitality Acquisition in the second quarter worth about $1,352,000. Hedge funds and other institutional investors own 65.54% of the company's stock.

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Gaming & Hospitality Acquisition Stock Performance

GHAC opened at $9.85 on Thursday. Gaming & Hospitality Acquisition has a fifty-two week low of $9.68 and a fifty-two week high of $9.88. The firm has a 50-day moving average of $9.85 and a 200 day moving average of $9.82.

About Gaming & Hospitality Acquisition

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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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