Golden Arrow Merger Corp. (NASDAQ:GAMC) Sees Significant Increase in Short Interest

Golden Arrow Merger Corp. (NASDAQ:GAMC) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 7,800 shares, an increase of 2,500.0% from the July 15th total of 300 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is currently 4.3 days.

Golden Arrow Merger Stock Performance

GAMC stock opened at $9.00 on Wednesday. Golden Arrow Merger has a 52 week low of $8.37 and a 52 week high of $17.02. The company’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $10.85.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Golden Arrow Merger stock. Virtu Financial LLC increased its stake in shares of Golden Arrow Merger Corp. (NASDAQ:GAMC) by 45.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,916 shares of the company’s stock after buying an additional 6,572 shares during the quarter. Virtu Financial LLC owned about 0.27% of Golden Arrow Merger worth $225,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Golden Arrow Merger

Golden Arrow Merger Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies in the healthcare and healthcare-related infrastructure industries in the United States and other developed countries.