Marblegate Acquisition Corp. (NASDAQ:GATE) Short Interest Up 33.3% in August

Marblegate Acquisition Corp. (NASDAQ:GATE) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 800 shares, an increase of 33.3% from the July 31st total of 600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 1.3 days.

Marblegate Acquisition Price Performance

NASDAQ GATE opened at $11.09 on Friday. The firm’s fifty day moving average price is $10.88 and its two-hundred day moving average price is $10.66. Marblegate Acquisition has a 1 year low of $10.31 and a 1 year high of $12.30.

Institutional Investors Weigh In On Marblegate Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clear Street LLC raised its stake in Marblegate Acquisition by 162.5% in the second quarter. Clear Street LLC now owns 20,756 shares of the company’s stock valued at $224,000 after buying an additional 12,848 shares during the period. Virtu Financial LLC acquired a new position in shares of Marblegate Acquisition in the first quarter valued at approximately $114,000. Cantor Fitzgerald L. P. bought a new position in shares of Marblegate Acquisition during the fourth quarter worth approximately $3,126,000. Finally, Atalaya Capital Management LP lifted its holdings in Marblegate Acquisition by 21.9% during the 4th quarter. Atalaya Capital Management LP now owns 91,429 shares of the company’s stock worth $953,000 after purchasing an additional 16,429 shares during the last quarter. 9.39% of the stock is owned by institutional investors.

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.