Marblegate Acquisition Corp. (NASDAQ:GATE – Get Rating) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,400 shares, a growth of 7.3% from the February 13th total of 4,100 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 0.0% of the shares of the company are sold short.
Marblegate Acquisition Stock Performance
Shares of NASDAQ:GATE traded up $0.30 during trading on Friday, reaching $10.38. 354 shares of the company traded hands, compared to its average volume of 913. Marblegate Acquisition has a 52 week low of $9.78 and a 52 week high of $10.38. The company’s 50 day moving average is $10.07 and its two-hundred day moving average is $10.03.
Institutional Trading of Marblegate Acquisition
A number of large investors have recently bought and sold shares of GATE. Meteora Capital LLC increased its holdings in Marblegate Acquisition by 204.8% in the 4th quarter. Meteora Capital LLC now owns 34,543 shares of the company’s stock worth $346,000 after acquiring an additional 23,209 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Marblegate Acquisition during the 4th quarter valued at about $187,000. Clear Street LLC purchased a new position in shares of Marblegate Acquisition during the fourth quarter valued at about $72,000. Geode Capital Management LLC raised its holdings in Marblegate Acquisition by 116.7% in the fourth quarter. Geode Capital Management LLC now owns 30,109 shares of the company’s stock worth $301,000 after purchasing an additional 16,214 shares in the last quarter. Finally, Elequin Capital LP boosted its stake in Marblegate Acquisition by 2.0% during the third quarter. Elequin Capital LP now owns 75,963 shares of the company’s stock worth $756,000 after acquiring an additional 1,500 shares in the last quarter. 70.50% of the stock is currently owned by institutional investors and hedge funds.
Marblegate Acquisition Company Profile
Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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