GS Acquisition Holdings Corp II (NYSE:GSAH) Sees Significant Drop in Short Interest


Share on StockTwits

GS Acquisition Holdings Corp II (NYSE:GSAH) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 558,800 shares, a decrease of 22.6% from the March 31st total of 722,100 shares. Based on an average daily volume of 3,030,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.8% of the company’s stock are short sold.

GSAH stock traded down $0.06 during trading on Tuesday, hitting $10.36. 1,060,277 shares of the stock traded hands, compared to its average volume of 2,942,176. GS Acquisition Holdings Corp II has a 1 year low of $9.85 and a 1 year high of $16.66. The firm’s 50 day moving average is $10.60 and its two-hundred day moving average is $11.00.

A number of hedge funds have recently made changes to their positions in the stock. Sowell Financial Services LLC purchased a new stake in GS Acquisition Holdings Corp II during the 4th quarter valued at about $25,000. Susquehanna International Group LLP purchased a new stake in shares of GS Acquisition Holdings Corp II during the 4th quarter valued at about $157,000. Belvedere Trading LLC purchased a new stake in shares of GS Acquisition Holdings Corp II during the 1st quarter valued at about $170,000. Penserra Capital Management LLC purchased a new stake in shares of GS Acquisition Holdings Corp II during the 4th quarter valued at about $206,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of GS Acquisition Holdings Corp II during the 4th quarter valued at about $218,000. 33.98% of the stock is currently owned by institutional investors.

About GS Acquisition Holdings Corp II

GS Acquisition Holdings Corp II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. The company was founded in 2018 and is based in New York, New York.

Further Reading: What is operating income?

Receive News & Ratings for GS Acquisition Holdings Corp II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GS Acquisition Holdings Corp II and related companies with MarketBeat.com's FREE daily email newsletter.