Marblegate Acquisition Corp. (NASDAQ:GATE) Sees Large Increase in Short Interest

Marblegate Acquisition Corp. (NASDAQ:GATE) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,100 shares, a growth of 72.2% from the February 13th total of 1,800 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 600 shares, the short-interest ratio is currently 5.2 days.

Marblegate Acquisition Trading Up 0.6 %

GATE traded up $0.07 during trading on Friday, hitting $10.97. 152,724 shares of the stock were exchanged, compared to its average volume of 4,687. The firm has a 50 day simple moving average of $10.90 and a 200 day simple moving average of $10.99. Marblegate Acquisition has a 1 year low of $10.40 and a 1 year high of $12.30.

About Marblegate Acquisition

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.