Short Interest in Marblegate Acquisition Corp. (NASDAQ:GATE) Grows By 333.3%

Marblegate Acquisition Corp. (NASDAQ:GATE) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, a growth of 333.3% from the March 31st total of 300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 300 shares, the short-interest ratio is currently 4.3 days.

Marblegate Acquisition Price Performance

GATE stock remained flat at $10.52 during midday trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 305. The firm has a 50-day simple moving average of $10.46 and a two-hundred day simple moving average of $10.45. Marblegate Acquisition has a one year low of $10.07 and a one year high of $11.01.

Institutional Investors Weigh In On Marblegate Acquisition

Institutional investors have recently modified their holdings of the business. Meteora Capital LLC grew its position in shares of Marblegate Acquisition by 27.2% during the 3rd quarter. Meteora Capital LLC now owns 100,885 shares of the company’s stock valued at $1,045,000 after acquiring an additional 21,550 shares during the period. Mizuho Securities USA LLC acquired a new stake in shares of Marblegate Acquisition during the 3rd quarter valued at about $191,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Marblegate Acquisition during the 4th quarter valued at about $3,126,000. Finally, Atalaya Capital Management LP grew its position in shares of Marblegate Acquisition by 21.9% during the 4th quarter. Atalaya Capital Management LP now owns 91,429 shares of the company’s stock valued at $953,000 after acquiring an additional 16,429 shares during the period. 9.39% 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 similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Rye, New York.