Golden Arrow Merger Corp. (NASDAQ:GAMC – Get Rating) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 5,600 shares, a drop of 20.0% from the August 31st total of 7,000 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 0.3 days.
Golden Arrow Merger Stock Performance
GAMC stock remained flat at $9.81 during midday trading on Friday. 52,602 shares of the company's stock were exchanged, compared to its average volume of 11,559. Golden Arrow Merger has a 12 month low of $9.59 and a 12 month high of $9.84. The company's fifty day moving average price is $9.81 and its 200-day moving average price is $9.78.
Get Golden Arrow Merger alerts:Institutional Trading of Golden Arrow Merger
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aristeia Capital LLC purchased a new position in shares of Golden Arrow Merger during the first quarter worth approximately $1,952,000. Basso Capital Management L.P. grew its position in shares of Golden Arrow Merger by 1.3% during the first quarter. Basso Capital Management L.P. now owns 337,084 shares of the company's stock worth $3,290,000 after acquiring an additional 4,418 shares during the last quarter. Saba Capital Management L.P. grew its position in shares of Golden Arrow Merger by 57.3% during the fourth quarter. Saba Capital Management L.P. now owns 686,037 shares of the company's stock worth $6,641,000 after acquiring an additional 250,000 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Golden Arrow Merger during the fourth quarter worth approximately $8,017,000. Finally, Qube Research & Technologies Ltd grew its position in shares of Golden Arrow Merger by 34.1% during the fourth quarter. Qube Research & Technologies Ltd now owns 39,605 shares of the company's stock worth $384,000 after acquiring an additional 10,081 shares during the last quarter. Institutional investors and hedge funds own 67.55% of the company's stock.
About Golden Arrow Merger
(Get Rating)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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