GS Acquisition Holdings Corp II (NYSE:GSAH) Sees Significant Drop in Short Interest


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GS Acquisition Holdings Corp II (NYSE:GSAH) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 558,800 shares, a drop of 22.6% from the March 31st total of 722,100 shares. Based on an average daily volume of 3,030,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the shares of the stock are sold short.

Shares of GSAH stock traded down $0.06 on Tuesday, reaching $10.36. The company’s stock had a trading volume of 1,060,277 shares, compared to its average volume of 2,942,176. The stock’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $11.00. GS Acquisition Holdings Corp II has a 1 year low of $9.85 and a 1 year high of $16.66.

Several hedge funds have recently bought and sold shares of GSAH. Sowell Financial Services LLC purchased a new position in GS Acquisition Holdings Corp II during the fourth quarter worth $25,000. Susquehanna International Group LLP purchased a new position in GS Acquisition Holdings Corp II during the fourth quarter worth $157,000. Belvedere Trading LLC purchased a new position in GS Acquisition Holdings Corp II during the first quarter worth $170,000. Penserra Capital Management LLC purchased a new position in GS Acquisition Holdings Corp II during the fourth quarter worth $206,000. Finally, Ieq Capital LLC purchased a new position in GS Acquisition Holdings Corp II during the first quarter worth $216,000. 33.98% of the stock is owned by hedge funds and other institutional investors.

GS Acquisition Holdings Corp II Company Profile

GS Acquisition Holdings Corp II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. The company was founded in 2018 and is based in New York, New York.

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