Short Interest in Gesher Acquisition Corp. II (NASDAQ:GSHR) Grows By 147.7%

Gesher Acquisition Corp. II (NASDAQ:GSHR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 701 shares, a growth of 147.7% from the May 31st total of 283 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 71 shares, the short-interest ratio is currently 9.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Gesher Acquisition Corp. II

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of Gesher Acquisition Corp. II in the fourth quarter worth $156,000. Meteora Capital LLC purchased a new position in Gesher Acquisition Corp. II during the fourth quarter valued at $437,000. Sona Asset Management US LLC bought a new stake in Gesher Acquisition Corp. II in the 1st quarter valued at $1,810,000. Glazer Capital LLC increased its holdings in Gesher Acquisition Corp. II by 12.2% in the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after acquiring an additional 24,299 shares during the last quarter. Finally, Radcliffe Capital Management L.P. lifted its stake in Gesher Acquisition Corp. II by 34.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after purchasing an additional 58,339 shares in the last quarter.

Gesher Acquisition Corp. II Stock Performance

NASDAQ GSHR traded up $0.01 on Monday, hitting $10.45. 34,981 shares of the company traded hands, compared to its average volume of 2,028. The business has a 50 day simple moving average of $10.39. Gesher Acquisition Corp. II has a 52-week low of $9.51 and a 52-week high of $11.20.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.04 EPS for the quarter.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank?check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.