GP-Act III Acquisition Corp. (NASDAQ:GPATW) Short Interest Down 45.1% in February

GP-Act III Acquisition Corp. (NASDAQ:GPATW) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 2,677 shares, a drop of 45.1% from the January 29th total of 4,879 shares. Based on an average daily trading volume, of 46,154 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 46,154 shares, the days-to-cover ratio is currently 0.1 days.

GP-Act III Acquisition Stock Performance

Shares of GPATW remained flat at $0.26 during mid-day trading on Friday. The stock had a trading volume of 3,500 shares, compared to its average volume of 34,020. The business has a 50 day moving average of $0.25 and a 200-day moving average of $0.28. GP-Act III Acquisition has a 12 month low of $0.14 and a 12 month high of $0.44.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp. in November 2020. GP-Act III Acquisition Corp. was incorporated in 2020 and is based in New York, New York.