Global Technology Acquisition Corp. I (NASDAQ:GTAC – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 13,000 shares, an increase of 1,525.0% from the March 31st total of 800 shares. Based on an average trading volume of 107,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.
Global Technology Acquisition Corp. I Price Performance
Shares of NASDAQ GTAC remained flat at $10.59 during mid-day trading on Wednesday. The company had a trading volume of 2 shares, compared to its average volume of 19,403. The business's fifty day moving average is $10.43 and its 200 day moving average is $10.30. Global Technology Acquisition Corp. I has a 52-week low of $9.91 and a 52-week high of $11.52.
Get Global Technology Acquisition Corp. I alerts:Institutional Investors Weigh In On Global Technology Acquisition Corp. I
Several hedge funds have recently modified their holdings of the stock. Barclays PLC acquired a new stake in shares of Global Technology Acquisition Corp. I in the third quarter valued at about $53,000. Walleye Trading LLC purchased a new stake in shares of Global Technology Acquisition Corp. I in the first quarter valued at about $358,000. Calamos Advisors LLC purchased a new stake in shares of Global Technology Acquisition Corp. I in the third quarter valued at about $505,000. Prelude Capital Management LLC purchased a new position in shares of Global Technology Acquisition Corp. I during the first quarter valued at approximately $540,000. Finally, Walleye Capital LLC purchased a new position in shares of Global Technology Acquisition Corp. I during the first quarter valued at approximately $561,000. 63.97% of the stock is owned by institutional investors and hedge funds.
About Global Technology Acquisition Corp. I
(Get Rating)
Global Technology Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. It focuses on technology companies that operate in the marketplace, financial technology, and software-as-a-service verticals.
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