Globalink Investment Inc. (NASDAQ:GLLI) Sees Large Growth in Short Interest

Globalink Investment Inc. (NASDAQ:GLLI) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 500 shares, a growth of 400.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Globalink Investment Price Performance

NASDAQ GLLI remained flat at $11.07 on Friday. The company’s stock had a trading volume of 2,309 shares, compared to its average volume of 4,723. The company has a fifty day moving average price of $10.95 and a 200-day moving average price of $10.88. Globalink Investment has a 12-month low of $10.35 and a 12-month high of $12.10.

Globalink Investment (NASDAQ:GLLI) last announced its quarterly earnings data on Monday, April 1st. The company reported ($0.08) earnings per share (EPS) for the quarter.

Institutional Trading of Globalink Investment

A number of institutional investors and hedge funds have recently made changes to their positions in GLLI. Periscope Capital Inc. raised its position in shares of Globalink Investment by 52.7% during the 3rd quarter. Periscope Capital Inc. now owns 516,293 shares of the company’s stock worth $5,563,000 after purchasing an additional 178,263 shares during the period. Deutsche Bank AG raised its position in shares of Globalink Investment by 131.1% during the 3rd quarter. Deutsche Bank AG now owns 79,306 shares of the company’s stock worth $855,000 after purchasing an additional 44,993 shares during the period. Wolverine Asset Management LLC raised its position in shares of Globalink Investment by 11.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 446,085 shares of the company’s stock worth $4,807,000 after purchasing an additional 44,323 shares during the period. Karpus Management Inc. raised its position in shares of Globalink Investment by 42.7% during the 4th quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock worth $2,721,000 after purchasing an additional 75,125 shares during the period. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Globalink Investment during the 4th quarter worth approximately $1,111,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

About Globalink Investment

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire business in the technology industry within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.