Marblegate Acquisition Corp. (NASDAQ:GATE) Short Interest Update

Marblegate Acquisition Corp. (NASDAQ:GATE) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, an increase of 333.3% from the March 31st total of 300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 300 shares, the short-interest ratio is currently 4.3 days.

Marblegate Acquisition Price Performance

Shares of NASDAQ:GATE remained flat at $10.52 during midday trading on Friday. 2 shares of the company were exchanged, compared to its average volume of 315. Marblegate Acquisition has a fifty-two week low of $10.07 and a fifty-two week high of $11.01. The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $10.45.

Institutional Investors Weigh In On Marblegate Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atalaya Capital Management LP raised its holdings in shares of Marblegate Acquisition by 21.9% during the fourth quarter. Atalaya Capital Management LP now owns 91,429 shares of the company’s stock worth $953,000 after acquiring an additional 16,429 shares during the period. Mizuho Securities USA LLC acquired a new stake in shares of Marblegate Acquisition during the third quarter worth $191,000. Meteora Capital LLC increased its stake in Marblegate Acquisition by 27.2% in the 3rd quarter. Meteora Capital LLC now owns 100,885 shares of the company’s stock valued at $1,045,000 after buying an additional 21,550 shares during the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new stake in Marblegate Acquisition in the 4th quarter valued at $3,126,000. 9.39% of the stock is currently owned by institutional investors and hedge funds.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Rye, New York.