Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,622 shares, a decrease of 64.7% from the July 15th total of 4,600 shares. Based on an average daily volume of 23,464 shares, the days-to-cover ratio is presently 0.1 days.
Galata Acquisition Corp. II Price Performance
Shares of NASDAQ LATAW remained flat at $0.28 during trading hours on Friday. Galata Acquisition Corp. II has a 52-week low of $0.24 and a 52-week high of $0.50. The stock’s 50 day moving average is $0.34.
About Galata Acquisition Corp. II
Galata Acquisition Corp. II (NASDAQ: LATAW) is a publicly listed special purpose acquisition company (SPAC). As a blank‑check vehicle, the company’s primary purpose is to identify, negotiate and complete a business combination with one or more operating businesses. Galata Acquisition Corp. II is listed on the NASDAQ and, like other SPACs, operates as an acquisition platform rather than as an operating company that manufactures products or delivers ongoing services.
The company’s activities typically include sourcing potential target companies, performing due diligence, structuring a business combination and obtaining shareholder approval for a proposed transaction.
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