Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 8,500 shares, a decline of 26.7% from the March 15th total of 11,600 shares. Based on an average daily trading volume, of 82,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
A number of hedge funds have recently bought and sold shares of the stock. Beryl Capital Management LLC purchased a new stake in Marblegate Acquisition during the fourth quarter worth approximately $6,150,000. Goldman Sachs Group Inc. purchased a new stake in Marblegate Acquisition in the fourth quarter valued at approximately $170,000. Oaktree Capital Management LP purchased a new stake in Marblegate Acquisition in the fourth quarter valued at approximately $977,000. Saba Capital Management L.P. purchased a new stake in Marblegate Acquisition in the fourth quarter valued at approximately $11,125,000. Finally, Marshall Wace LLP purchased a new stake in Marblegate Acquisition in the fourth quarter valued at approximately $14,362,000. Hedge funds and other institutional investors own 30.24% of the company’s stock.
Shares of Marblegate Acquisition stock traded up $0.01 on Monday, reaching $9.87. 600 shares of the company were exchanged, compared to its average volume of 113,792. Marblegate Acquisition has a 1-year low of $9.76 and a 1-year high of $10.29. The stock’s 50 day moving average is $9.84.
Marblegate Acquisition Corp. 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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