Globa Terra Acquisition Corp (NASDAQ:GTERU – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 461 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 1,202 shares, the short-interest ratio is presently 0.4 days.
Globa Terra Acquisition Price Performance
Globa Terra Acquisition stock opened at $10.40 on Friday. The stock has a fifty day simple moving average of $10.38 and a two-hundred day simple moving average of $10.33. Globa Terra Acquisition has a 12 month low of $10.03 and a 12 month high of $11.04.
Institutional Trading of Globa Terra Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG bought a new stake in shares of Globa Terra Acquisition in the 3rd quarter worth $5,460,000. Yakira Capital Management Inc. bought a new stake in shares of Globa Terra Acquisition in the third quarter worth $4,880,000. Clear Street Group Inc. grew its holdings in shares of Globa Terra Acquisition by 374.3% in the fourth quarter. Clear Street Group Inc. now owns 221,367 shares of the company’s stock worth $2,276,000 after acquiring an additional 174,697 shares during the period. Citadel Advisors LLC bought a new stake in shares of Globa Terra Acquisition in the third quarter worth $2,150,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Globa Terra Acquisition in the third quarter worth $1,526,000.
Global Terra Acquisition Corp. (NASDAQ:GTERU) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was incorporated in Delaware in 2021 and completed its initial public offering later that year, listing its units on the New York Stock Exchange under the symbol GTERU. As of its IPO, the company does not have any ongoing operating business other than identifying and evaluating potential target companies for a business combination.
To date, Global Terra Acquisition Corp.
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