Galata Acquisition Corp. II (NASDAQ:LATA – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 4,627 shares, an increase of 3,692.6% from the May 14th total of 122 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,163 shares, the short-interest ratio is currently 1.5 days.
Galata Acquisition Corp. II Trading Up 0.2%
NASDAQ:LATA opened at $10.10 on Thursday. Galata Acquisition Corp. II has a 1-year low of $9.91 and a 1-year high of $10.20. The business has a fifty day simple moving average of $10.05.
Institutional Trading of Galata Acquisition Corp. II
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Galata Acquisition Corp. II during the fourth quarter valued at $3,976,000. Periscope Capital Inc. acquired a new stake in Galata Acquisition Corp. II during the fourth quarter valued at $4,125,000. Wealthspring Capital LLC acquired a new stake in Galata Acquisition Corp. II during the fourth quarter valued at $3,195,000. MMCAP International Inc. SPC acquired a new stake in Galata Acquisition Corp. II during the fourth quarter valued at $996,000. Finally, Boothbay Fund Management LLC acquired a new stake in Galata Acquisition Corp. II during the fourth quarter valued at $556,000.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on LATA
Galata Acquisition Corp. II Company Profile
Galata Acquisition Corp. II (NASDAQ: LATA) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. As a publicly traded acquisition vehicle, the company raises capital through an initial public offering and holds proceeds in trust while seeking an operating company to combine with and take public through the SPAC structure.
The firm’s primary activities are identifying and evaluating potential targets, negotiating definitive agreements for business combinations, and completing the required shareholder approvals and regulatory filings to consummate transactions.
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