Golden Arrow Merger Corp. (NASDAQ:GAMC – Get Rating) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,100 shares, an increase of 240.0% from the February 28th total of 1,500 shares. Based on an average daily volume of 65,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Golden Arrow Merger
Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Golden Arrow Merger in the fourth quarter worth about $20,989,000. First Pacific Advisors LP purchased a new stake in shares of Golden Arrow Merger in the fourth quarter worth about $12,506,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Golden Arrow Merger in the third quarter worth about $7,387,000. Hsbc Holdings PLC purchased a new stake in shares of Golden Arrow Merger in the first quarter worth about $8,187,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Golden Arrow Merger in the fourth quarter worth about $5,141,000. 67.36% of the stock is owned by hedge funds and other institutional investors.
Get Golden Arrow Merger alerts:Golden Arrow Merger Price Performance
NASDAQ GAMC remained flat at $10.14 during trading on Monday. 22 shares of the company's stock traded hands, compared to its average volume of 85,991. Golden Arrow Merger has a 1-year low of $9.68 and a 1-year high of $10.59. The business's 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.00.
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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