Marblegate Acquisition Corp. (NASDAQ:GATE - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, a growth of 125.0% from the January 31st total of 800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 400 shares, the short-interest ratio is presently 4.5 days.
Marblegate Acquisition Stock Performance
Shares of NASDAQ GATE traded down $0.06 during mid-day trading on Monday, reaching $10.95. The company had a trading volume of 4,815 shares, compared to its average volume of 2,165. The company has a 50-day moving average price of $10.91 and a two-hundred day moving average price of $11.00. Marblegate Acquisition has a 1-year low of $10.40 and a 1-year high of $12.30.
About Marblegate Acquisition
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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.
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