Marblegate Acquisition Corp. (NASDAQ:GATE) Short Interest Up 125.0% in February

Marblegate Acquisition Corp. (NASDAQ:GATE) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, a growth of 125.0% from the January 31st total of 800 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 400 shares, the short-interest ratio is currently 4.5 days.

Marblegate Acquisition Trading Up 0.1 %

Shares of NASDAQ:GATE opened at $10.95 on Monday. Marblegate Acquisition has a 52-week low of $10.40 and a 52-week high of $12.30. The company has a 50-day simple moving average of $10.91 and a 200 day simple moving average of $11.00.

Marblegate Acquisition Company Profile

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.