Short Interest in G Squared Ascend I Inc. (NYSE:GSQD) Grows By 501.4%

G Squared Ascend I Inc. (NYSE:GSQD) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 169,600 shares, an increase of 501.4% from the December 15th total of 28,200 shares. Based on an average trading volume of 71,200 shares, the short-interest ratio is presently 2.4 days. Approximately 0.5% of the company’s shares are sold short.

A number of hedge funds have recently added to or reduced their stakes in GSQD. DLD Asset Management LP increased its stake in shares of G Squared Ascend I by 140.0% during the second quarter. DLD Asset Management LP now owns 48,000 shares of the company’s stock valued at $474,000 after purchasing an additional 28,000 shares in the last quarter. Bank of America Corp DE bought a new position in shares of G Squared Ascend I during the second quarter valued at approximately $592,000. Sycomore Asset Management bought a new position in shares of G Squared Ascend I during the third quarter valued at approximately $3,754,000. Cohanzick Management LLC bought a new position in shares of G Squared Ascend I during the third quarter valued at approximately $1,220,000. Finally, Berkley W R Corp increased its stake in shares of G Squared Ascend I by 251.7% during the third quarter. Berkley W R Corp now owns 138,210 shares of the company’s stock valued at $1,363,000 after purchasing an additional 98,910 shares in the last quarter. 62.16% of the stock is owned by institutional investors.

GSQD stock remained flat at $$9.89 during trading on Friday. 1,586 shares of the company were exchanged, compared to its average volume of 56,659. G Squared Ascend I has a 12 month low of $9.07 and a 12 month high of $10.02. The business’s 50 day moving average price is $9.90 and its 200 day moving average price is $9.82.

G Squared Ascend I Company Profile

G Squared Ascend I Inc focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Chicago, Illinois.

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