Gesher Acquisition Corp. II (NASDAQ:GSHRW – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 19,713 shares, a decline of 53.7% from the May 31st total of 42,583 shares. Based on an average daily trading volume, of 6,540 shares, the days-to-cover ratio is currently 3.0 days.
Gesher Acquisition Corp. II Trading Up 2.7%
Shares of GSHRW traded up $0.01 during mid-day trading on Tuesday, reaching $0.29. 10,600 shares of the company’s stock were exchanged, compared to its average volume of 11,538. The stock’s fifty day simple moving average is $0.24. Gesher Acquisition Corp. II has a 52-week low of $0.20 and a 52-week high of $0.67.
About Gesher Acquisition Corp. II
Gesher Acquisition Corp. II is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to identify, negotiate and complete a business combination with one or more operating businesses. As a SPAC, its principal business activity is to raise capital through public markets and use those funds to acquire or merge with a private company, providing a pathway for that company to become publicly listed.
The company’s publicly traded securities include warrants listed on the Nasdaq under the symbol GSHRW.
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