2 weeks Ago By ABMN Staff
Marblegate Acquisition Corp. ( NASDAQ:GATE – Get Free Report ) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 500 shares, a decrease of 28.
6% from the August 31st total of 700 shares. Approximately 0.1% of the company’s stock are short sold.
Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 0.8 days. Institutional Investors Weigh In On Marblegate Acquisition A number of large investors have recently made changes to their positions in GATE.
Virtu Financial LLC purchased a new stake in Marblegate Acquisition in the first quarter valued at approximately $114,000. Clear Street LLC boosted its stake in shares of Marblegate Acquisition by 162.5% in the second quarter.
Clear Street LLC now owns 20,756 shares of the company’s stock worth $224,000 after buying an additional 12,848 shares during the last quarter. Finally, Cantor Fitzgerald L. P.
acquired a new stake in shares of Marblegate Acquisition during the 4th quarter worth approximately $3,126,000. 9.39% of the stock is owned by hedge funds and other institutional investors.
Marblegate Acquisition Price Performance GATE stock remained flat at $10.91 during trading on Friday. 24 shares of the company were exchanged, compared to its average volume of 364.
Marblegate Acquisition has a one year low of $10.36 and a one year high of $12.30.
The business has a fifty day simple moving average of $10.95 and a 200-day simple moving average of $10.74.
Marblegate Acquisition Company Profile Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors. Recommended Stories Receive News & Ratings for Marblegate Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marblegate Acquisition and related companies with MarketBeat.com's FREE daily email newsletter .
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