Globalink Investment Inc. (NASDAQ:GLLIR – Get Rating) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,100 shares, a decrease of 95.5% from the September 30th total of 24,300 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Globalink Investment
A number of institutional investors and hedge funds have recently modified their holdings of the company. Basso Capital Management L.P. acquired a new stake in Globalink Investment during the 1st quarter valued at $25,000. Rivernorth Capital Management LLC acquired a new stake in Globalink Investment during the 1st quarter valued at $34,000. Murchinson Ltd. acquired a new stake in Globalink Investment during the 1st quarter valued at $70,000. MMCAP International Inc. SPC acquired a new stake in Globalink Investment during the 1st quarter valued at $89,000. Finally, Polar Asset Management Partners Inc. grew its holdings in Globalink Investment by 56.8% during the 1st quarter. Polar Asset Management Partners Inc. now owns 690,000 shares of the company's stock valued at $114,000 after buying an additional 250,000 shares during the last quarter.
Get Globalink Investment alerts:Globalink Investment Stock Performance
Shares of GLLIR traded down $0.01 on Friday, reaching $0.13. The stock had a trading volume of 200 shares, compared to its average volume of 61,518. The firm has a 50-day moving average of $0.16 and a 200 day moving average of $0.14. Globalink Investment has a twelve month low of $0.08 and a twelve month high of $0.31.
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