Short Interest in Marblegate Acquisition Corp. (NASDAQ:GATE) Decreases By 10.0%

Marblegate Acquisition Corp. (NASDAQ:GATE) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,800 shares, a decrease of 10.0% from the December 15th total of 2,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 3.0 days.

Hedge Funds Weigh In On Marblegate Acquisition

A hedge fund recently raised its stake in Marblegate Acquisition stock. Clear Street LLC increased its stake in Marblegate Acquisition Corp. (NASDAQ:GATE) by 162.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,756 shares of the company’s stock after purchasing an additional 12,848 shares during the quarter. Clear Street LLC owned approximately 0.18% of Marblegate Acquisition worth $224,000 at the end of the most recent quarter. 9.39% of the stock is owned by institutional investors and hedge funds.

Marblegate Acquisition Price Performance

Shares of NASDAQ GATE remained flat at $10.86 during midday trading on Friday. The firm has a 50-day moving average of $11.03 and a 200-day moving average of $10.98. Marblegate Acquisition has a twelve month low of $10.40 and a twelve month high of $12.30.

About Marblegate Acquisition

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.