Galata Acquisition Corp. II (NASDAQ:LATA) Short Interest Down 96.2% in June

Galata Acquisition Corp. II (NASDAQ:LATA) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 177 shares, a decrease of 96.2% from the May 31st total of 4,627 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,705 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Galata Acquisition Corp. II

Large investors have recently modified their holdings of the business. Condor Capital Management acquired a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at about $140,000. Deltec Asset Management LLC acquired a new position in Galata Acquisition Corp. II during the fourth quarter worth about $149,000. ABC Arbitrage SA purchased a new stake in Galata Acquisition Corp. II during the 4th quarter valued at about $199,000. Royal Bank of Canada purchased a new stake in Galata Acquisition Corp. II during the 4th quarter valued at about $225,000. Finally, Virtu Financial LLC acquired a new stake in Galata Acquisition Corp. II in the 4th quarter valued at about $320,000.

Galata Acquisition Corp. II Price Performance

Shares of NASDAQ:LATA traded up $0.01 during trading on Thursday, reaching $10.10. The stock had a trading volume of 9,068 shares, compared to its average volume of 37,262. Galata Acquisition Corp. II has a 1-year low of $9.91 and a 1-year high of $10.20. The stock has a fifty day moving average of $10.07.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Galata Acquisition Corp. II in a research report on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About Galata Acquisition Corp. II

Galata Acquisition Corp. II (NASDAQ: LATA) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. As a publicly traded acquisition vehicle, the company raises capital through an initial public offering and holds proceeds in trust while seeking an operating company to combine with and take public through the SPAC structure.

The firm’s primary activities are identifying and evaluating potential targets, negotiating definitive agreements for business combinations, and completing the required shareholder approvals and regulatory filings to consummate transactions.