Short Interest in Gesher Acquisition Corp. II (NASDAQ:GSHRW) Increases By 66.3%

Gesher Acquisition Corp. II (NASDAQ:GSHRW) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 42,583 shares, a growth of 66.3% from the May 14th total of 25,601 shares. Based on an average daily volume of 5,711 shares, the days-to-cover ratio is currently 7.5 days.

Gesher Acquisition Corp. II Price Performance

Shares of NASDAQ GSHRW traded up $0.02 during midday trading on Monday, reaching $0.26. 200 shares of the stock were exchanged, compared to its average volume of 12,870. The firm has a 50 day moving average of $0.24. Gesher Acquisition Corp. II has a twelve month low of $0.20 and a twelve month high of $0.67.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to identify, negotiate and complete a business combination with one or more operating businesses. As a SPAC, its principal business activity is to raise capital through public markets and use those funds to acquire or merge with a private company, providing a pathway for that company to become publicly listed.

The company’s publicly traded securities include warrants listed on the Nasdaq under the symbol GSHRW.