Marblegate Acquisition Corp. (NASDAQ:GATE) Short Interest Up 72.2% in February

Marblegate Acquisition Corp. (NASDAQ:GATE - Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,100 shares, an increase of 72.2% from the February 13th total of 1,800 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 5.2 days. Approximately 0.5% of the shares of the company are short sold.

Marblegate Acquisition Stock Down 0.7 %

Marblegate Acquisition stock traded down $0.08 during trading hours on Tuesday, hitting $10.95. 75,373 shares of the company traded hands, compared to its average volume of 5,745. The firm's 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $10.99. Marblegate Acquisition has a 1-year low of $10.40 and a 1-year high of $12.30.

About Marblegate Acquisition

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.