Marblegate Acquisition Corp. (NASDAQ:GATE) Sees Significant Growth in Short Interest

Marblegate Acquisition Corp. (NASDAQ:GATE) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,500 shares, a growth of 525.0% from the October 15th total of 400 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 900 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On Marblegate Acquisition

An institutional investor recently bought a new position in Marblegate Acquisition stock. Virtu Financial LLC bought a new stake in shares of Marblegate Acquisition Corp. (NASDAQ:GATE) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,896 shares of the company’s stock, valued at approximately $114,000. Virtu Financial LLC owned about 0.09% of Marblegate Acquisition as of its most recent filing with the Securities & Exchange Commission. 9.39% of the stock is currently owned by hedge funds and other institutional investors.

Marblegate Acquisition Price Performance

Shares of Marblegate Acquisition stock remained flat at $11.19 during trading hours on Thursday. The stock had a trading volume of 9 shares, compared to its average volume of 1,311. The stock has a 50-day moving average price of $11.02 and a 200 day moving average price of $10.88. Marblegate Acquisition has a fifty-two week low of $10.37 and a fifty-two week high of $12.30.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.