Short Interest in Galata Acquisition Corp. II (NASDAQ:LATAW) Drops By 64.7%

Galata Acquisition Corp. II (NASDAQ:LATAW) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,622 shares, a decline of 64.7% from the July 15th total of 4,600 shares. Based on an average trading volume of 23,464 shares, the short-interest ratio is presently 0.1 days.

Galata Acquisition Corp. II Trading Down 1.8%

Galata Acquisition Corp. II stock traded down $0.01 during trading hours on Friday, hitting $0.28. The stock had a trading volume of 1,123 shares, compared to its average volume of 18,593. The business has a 50 day moving average of $0.34. Galata Acquisition Corp. II has a one year low of $0.24 and a one year high of $0.50.

Galata Acquisition Corp. II Company Profile

Galata Acquisition Corp. II (NASDAQ: LATAW) is a publicly listed special purpose acquisition company (SPAC). As a blank?check vehicle, the company’s primary purpose is to identify, negotiate and complete a business combination with one or more operating businesses. Galata Acquisition Corp. II is listed on the NASDAQ and, like other SPACs, operates as an acquisition platform rather than as an operating company that manufactures products or delivers ongoing services.

The company’s activities typically include sourcing potential target companies, performing due diligence, structuring a business combination and obtaining shareholder approval for a proposed transaction.