Gesher Acquisition Corp. II (NASDAQ:GSHRW – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,583 shares, a growth of 66.3% from the May 14th total of 25,601 shares. Based on an average daily trading volume, of 5,711 shares, the short-interest ratio is presently 7.5 days.
Gesher Acquisition Corp. II Stock Performance
Shares of NASDAQ GSHRW traded up $0.00 during trading hours on Wednesday, reaching $0.24. The stock had a trading volume of 500 shares, compared to its average volume of 12,613. The company has a fifty day moving average price of $0.24. Gesher Acquisition Corp. II has a 52-week low of $0.20 and a 52-week high of $0.67.
About Gesher Acquisition Corp. II
Gesher Acquisition Corp. II is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to identify, negotiate and complete a business combination with one or more operating businesses. As a SPAC, its principal business activity is to raise capital through public markets and use those funds to acquire or merge with a private company, providing a pathway for that company to become publicly listed.
The company’s publicly traded securities include warrants listed on the Nasdaq under the symbol GSHRW.
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