Globa Terra Acquisition Corp (NASDAQ:GTERU – Get Free Report) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 2,470 shares, a growth of 626.5% from the October 15th total of 340 shares. Based on an average daily volume of 611 shares, the short-interest ratio is currently 4.0 days.
Globa Terra Acquisition Stock Down 0.0%
Shares of NASDAQ:GTERU opened at $10.46 on Friday. Globa Terra Acquisition has a fifty-two week low of $10.20 and a fifty-two week high of $10.58. The business has a 50-day moving average of $10.51 and a two-hundred day moving average of $10.43.
Hedge Funds Weigh In On Globa Terra Acquisition
An institutional investor recently bought a new position in Globa Terra Acquisition stock. Calamos Advisors LLC acquired a new position in shares of Globa Terra Acquisition Corp (NASDAQ:GTERU – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 49,377 shares of the company’s stock, valued at approximately $518,000.
Global Terra Acquisition Corp. is a special purpose acquisition company formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses. It does not have significant operating activities or a portfolio of products and services of its own. The company’s business is focused on identifying and completing a transaction with a target company. Until such a business combination is completed, its activities are primarily related to evaluating potential targets and carrying out the transaction process.
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