Global Partner Acquisition Corp II (NASDAQ:GPAC) Sees Large Decline in Short Interest

Global Partner Acquisition Corp II (NASDAQ:GPAC) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 687 shares, a decrease of 96.0% from the July 30th total of 16,980 shares. Based on an average daily volume of 521 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s shares are sold short.

Global Partner Acquisition Corp II Price Performance

Shares of GPAC opened at $10.05 on Thursday. The stock’s fifty day simple moving average is $10.02 and its 200 day simple moving average is $9.96. Global Partner Acquisition Corp II has a twelve month low of $9.86 and a twelve month high of $10.05.

Analyst Ratings Changes

Separately, Weiss Ratings raised Global Partner Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Global Partner Acquisition Corp II Company Profile

Global Partner Acquisition Corp II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Rye Brook, New York.