Short Interest in Global Star Acquisition, Inc. (NASDAQ:GLSTW) Increases By 13.5%

Global Star Acquisition, Inc. (NASDAQ:GLSTW) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 162,600 shares, an increase of 13.5% from the March 31st total of 143,200 shares. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is presently 6.9 days.

Global Star Acquisition Price Performance

Shares of NASDAQ GLSTW remained flat at $0.02 during midday trading on Monday. The company’s 50-day moving average is $0.02 and its 200-day moving average is $0.01. Global Star Acquisition has a 12 month low of $0.00 and a 12 month high of $0.04.

Global Star Acquisition Company Profile

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.