Global Partner Acquisition Corp II (NASDAQ:GPAC) Shares Shorted: Short Interest Up 732.6% in September

Global Partner Acquisition Corp II (NASDAQ:GPAC) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,670 shares, an increase of 732.6% from the August 31st total of 681 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 16,529 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Global Partner Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Global Partner Acquisition Corp II has an average rating of “Sell”.

Global Partner Acquisition Corp II Stock Performance

GPAC remained flat at $10.08 during midday trading on Friday. The company’s stock had a trading volume of 815 shares, compared to its average volume of 74,848. Global Partner Acquisition Corp II has a 12-month low of $9.86 and a 12-month high of $10.10. The company’s 50 day simple moving average is $10.04 and its 200-day simple moving average is $9.99.

About Global Partner Acquisition Corp II

Global Partner Acquisition Corp II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. Such transactions may take the form of a merger, share exchange, asset acquisition, reorganization or similar corporate transaction.

Unlike an operating company, Global Partner Acquisition Corp II does not have established products, services or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence and negotiating a transaction that would allow a private company to become publicly traded.

The company’s future business activities, leadership structure and geographic focus would depend on the completion and terms of any business combination.