Globalink Investment Inc. (NASDAQ:GLLI) Short Interest Up 400.0% in April

Globalink Investment Inc. (NASDAQ:GLLI) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 400.0% from the March 31st total of 100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is presently 0.1 days.

Globalink Investment Stock Performance

Shares of NASDAQ:GLLI remained flat at $11.07 during mid-day trading on Friday. The company had a trading volume of 2,309 shares, compared to its average volume of 12,068. The firm has a market capitalization of $66.53 million, a price-to-earnings ratio of -158.14 and a beta of 0.01. Globalink Investment has a 1-year low of $10.35 and a 1-year high of $12.10. The stock’s 50-day moving average price is $10.95 and its 200 day moving average price is $10.88.

Globalink Investment (NASDAQ:GLLI) last announced its earnings results on Monday, April 1st. The company reported ($0.08) EPS for the quarter.

Institutional Investors Weigh In On Globalink Investment

Several hedge funds have recently modified their holdings of GLLI. Wolverine Asset Management LLC grew its stake in Globalink Investment by 11.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 446,085 shares of the company’s stock valued at $4,807,000 after purchasing an additional 44,323 shares in the last quarter. Deutsche Bank AG grew its stake in Globalink Investment by 131.1% during the 3rd quarter. Deutsche Bank AG now owns 79,306 shares of the company’s stock valued at $855,000 after purchasing an additional 44,993 shares in the last quarter. Karpus Management Inc. grew its stake in Globalink Investment by 42.7% during the 4th quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock valued at $2,721,000 after purchasing an additional 75,125 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in Globalink Investment during the 4th quarter valued at approximately $1,111,000. Finally, Periscope Capital Inc. grew its stake in Globalink Investment by 52.7% during the 3rd quarter. Periscope Capital Inc. now owns 516,293 shares of the company’s stock valued at $5,563,000 after purchasing an additional 178,263 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Globalink Investment Company Profile

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire business in the technology industry within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.