Short Interest in Golden Star Acquisition Co. (NASDAQ:GODN) Expands By 260.0%

Golden Star Acquisition Co. (NASDAQ:GODN) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,800 shares, an increase of 260.0% from the December 31st total of 500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 12,200 shares, the days-to-cover ratio is currently 0.1 days.

Golden Star Acquisition Trading Down 60.9 %

GODN traded down $5.19 during midday trading on Wednesday, hitting $3.34. The company had a trading volume of 852,221 shares, compared to its average volume of 23,028. Golden Star Acquisition has a 52 week low of $2.57 and a 52 week high of $17.49. The stock’s 50 day moving average price is $10.88 and its 200 day moving average price is $10.94.

Institutional Investors Weigh In On Golden Star Acquisition

An institutional investor recently bought a new position in Golden Star Acquisition stock. Westchester Capital Management LLC bought a new position in Golden Star Acquisition Co. (NASDAQ:GODN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,090,000. Westchester Capital Management LLC owned approximately 2.21% of Golden Star Acquisition at the end of the most recent reporting period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About Golden Star Acquisition

Golden Star Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Golden Star Acquisition Corporation was incorporated in 2021 and is based in New York, New York.