Global Partner Acquisition Corp II (NASDAQ:GPAC) Sees Large Increase in Short Interest

Global Partner Acquisition Corp II (NASDAQ:GPAC) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 5,670 shares, a growth of 732.6% from the August 31st total of 681 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,529 shares, the days-to-cover ratio is presently 0.3 days.

Global Partner Acquisition Corp II Stock Performance

Shares of NASDAQ:GPAC remained flat at $10.08 during midday trading on Thursday. 815 shares of the stock traded hands, compared to its average volume of 74,848. The stock has a fifty day moving average price of $10.04 and a 200-day moving average price of $9.99. Global Partner Acquisition Corp II has a one year low of $9.86 and a one year high of $10.10.

Analyst Ratings Changes

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

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.