Gesher Acquisition Corp. II (NASDAQ:GSHR) Short Interest Update

Gesher Acquisition Corp. II (NASDAQ:GSHR) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 701 shares, an increase of 147.7% from the May 31st total of 283 shares. Based on an average daily volume of 71 shares, the short-interest ratio is presently 9.9 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Gesher Acquisition Corp. II

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Gesher Acquisition Corp. II during the fourth quarter valued at approximately $4,107,000. Glazer Capital LLC grew its position in Gesher Acquisition Corp. II by 12.2% in the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock worth $2,302,000 after purchasing an additional 24,299 shares during the period. Radcliffe Capital Management L.P. raised its stake in Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after buying an additional 58,339 shares during the last quarter. Meteora Capital LLC purchased a new stake in Gesher Acquisition Corp. II during the 4th quarter valued at $437,000. Finally, Virtu Financial LLC bought a new position in shares of Gesher Acquisition Corp. II during the 4th quarter valued at $156,000.

Gesher Acquisition Corp. II Stock Up 0.0%

GSHR stock traded up $0.01 during midday trading on Monday, hitting $10.45. The stock had a trading volume of 34,981 shares, compared to its average volume of 2,028. The stock’s 50-day moving average price is $10.39. Gesher Acquisition Corp. II has a 52-week low of $9.51 and a 52-week high of $11.20.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last announced its earnings results on Friday, March 27th. The company reported $0.04 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.