Global Partner Acquisition Corp II (NASDAQ:GPACW) Stock Short Interest Drops 38.4%

Global Partner Acquisition Corp II (NASDAQ:GPACW) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,271 shares, a drop of 38.4% from the September 30th total of 5,313 shares. Based on an average daily volume of 2,484 shares, the days-to-cover ratio is presently 1.3 days.

Global Partner Acquisition Corp II Stock Performance

Shares of Global Partner Acquisition Corp II stock opened at $0.19 on Friday. The firm has a fifty day simple moving average of $0.23 and a 200-day simple moving average of $0.25. Global Partner Acquisition Corp II has a 1-year low of $0.11 and a 1-year high of $0.34.

Global Partner Acquisition Corp II Company Profile

Global Partner Acquisition Corp II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Before completing such a transaction, the company did not conduct significant commercial operations, sell products, or provide services of its own.

Global Partner Acquisition Corp II ultimately combined with NewGenIvf Group Limited, a fertility-services company serving patients in Southeast Asia. NewGenIvf operates fertility clinics and provides assisted reproductive services, including in vitro fertilization and related treatment and support services.

The transaction resulted in NewGenIvf Group Limited becoming the combined public company.