General Catalyst Global Resilience Merger Corp. Units (NASDAQ:GCGRU – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 13,422 shares, a drop of 55.5% from the June 15th total of 30,165 shares. Based on an average daily trading volume, of 5,802 shares, the days-to-cover ratio is presently 2.3 days.
General Catalyst Global Resilience Merger Corp. Units Stock Performance
GCGRU traded down $0.10 during trading on Tuesday, reaching $10.38. The company had a trading volume of 1,544 shares, compared to its average volume of 75,503. General Catalyst Global Resilience Merger Corp. Units has a 12 month low of $10.03 and a 12 month high of $10.68. The company’s fifty day moving average price is $10.24.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised General Catalyst Global Resilience Merger Corp. Units to a “hold” rating in a research note on Saturday, May 9th.
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