Gesher Acquisition Corp. II (NASDAQ:GSHR – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 701 shares, a growth of 147.7% from the May 31st total of 283 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 71 shares, the short-interest ratio is presently 9.9 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Gesher Acquisition Corp. II
Gesher Acquisition Corp. II Price Performance
Gesher Acquisition Corp. II (NASDAQ:GSHR – Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported $0.04 earnings per share (EPS) for the quarter.
Institutional Trading of Gesher Acquisition Corp. II
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSHR. Virtu Financial LLC acquired a new position in Gesher Acquisition Corp. II during the fourth quarter worth $156,000. Meteora Capital LLC acquired a new stake in shares of Gesher Acquisition Corp. II in the fourth quarter valued at $437,000. Sona Asset Management US LLC acquired a new stake in shares of Gesher Acquisition Corp. II in the first quarter valued at $1,810,000. Glazer Capital LLC raised its holdings in shares of Gesher Acquisition Corp. II by 12.2% in the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after buying an additional 24,299 shares during the period. Finally, Radcliffe Capital Management L.P. raised its holdings in shares of Gesher Acquisition Corp. II by 34.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after buying an additional 58,339 shares during the period.
About Gesher Acquisition Corp. II
Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.
Gesher Acquisition Corp.
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