Global Partner Acquisition Corp II (NASDAQ:GPAC) Shares Shorted: Short Interest Up 621.8% in October

Global Partner Acquisition Corp II (NASDAQ:GPAC) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 39,238 shares, an increase of 621.8% from the October 15th total of 5,436 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 66,540 shares, the days-to-cover ratio is presently 0.6 days.

Global Partner Acquisition Corp II Price Performance

NASDAQ:GPAC opened at $10.14 on Wednesday. Global Partner Acquisition Corp II has a 1 year low of $9.86 and a 1 year high of $10.23. The stock has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $10.00.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Global Partner Acquisition Corp II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Global Partner Acquisition Corp II Company Profile

Global Partner Acquisition Corp II (NASDAQ: GPAC) was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, capital stock exchange, asset acquisition, or similar transaction. As a blank-check company, it did not have significant business operations, products, or services of its own before completing a business combination. The company entered into a business combination agreement with Stardust Power Inc., a developer of battery-grade lithium refining capacity in the United States.