Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,600 shares, a growth of 16.7% from the October 15th total of 10,800 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 113,900 shares, the short-interest ratio is currently 0.1 days.
Marblegate Acquisition Stock Performance
GATE traded up $0.01 on Monday, hitting $10.08. 2,074 shares of the company were exchanged, compared to its average volume of 129,840. Marblegate Acquisition has a 12 month low of $9.76 and a 12 month high of $10.29. The stock's fifty day moving average is $9.98 and its 200-day moving average is $9.92.Get Marblegate Acquisition alerts:
Institutional Trading of Marblegate Acquisition
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Elequin Capital LP raised its holdings in Marblegate Acquisition by 2.0% during the third quarter. Elequin Capital LP now owns 75,963 shares of the company's stock worth $756,000 after acquiring an additional 1,500 shares in the last quarter. Millennium Management LLC raised its stake in Marblegate Acquisition by 1.6% in the second quarter. Millennium Management LLC now owns 304,934 shares of the company's stock valued at $3,013,000 after buying an additional 4,934 shares during the period. Royal Bank of Canada raised its stake in Marblegate Acquisition by 34.1% in the first quarter. Royal Bank of Canada now owns 46,275 shares of the company's stock valued at $456,000 after buying an additional 11,775 shares during the period. Sculptor Capital LP raised its stake in Marblegate Acquisition by 32.8% in the second quarter. Sculptor Capital LP now owns 48,389 shares of the company's stock valued at $478,000 after buying an additional 11,939 shares during the period. Finally, Centiva Capital LP raised its stake in Marblegate Acquisition by 93.9% in the second quarter. Centiva Capital LP now owns 25,011 shares of the company's stock valued at $247,000 after buying an additional 12,109 shares during the period. Institutional investors own 69.23% of the company's stock.
Marblegate Acquisition Company Profile(Get Rating)
Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Marblegate Acquisition (GATE)
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