Short Interest in Globalink Investment Inc. (NASDAQ:GLLI) Increases By 400.0%

Globalink Investment Inc. (NASDAQ:GLLI) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 400.0% from the March 31st total of 100 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Globalink Investment Stock Performance

GLLI stock remained flat at $11.07 during trading on Friday. The company had a trading volume of 2,309 shares, compared to its average volume of 4,723. The stock’s 50-day moving average is $10.95 and its 200-day moving average is $10.88. The firm has a market capitalization of $66.53 million, a P/E ratio of -158.14 and a beta of 0.01. Globalink Investment has a 52 week low of $10.35 and a 52 week high of $12.10.

Globalink Investment (NASDAQ:GLLI) last announced its quarterly earnings results on Monday, April 1st. The company reported ($0.08) earnings per share for the quarter.

Institutional Trading of Globalink Investment

Several institutional investors have recently bought and sold shares of GLLI. Periscope Capital Inc. grew its holdings in Globalink Investment by 52.7% in the third quarter. Periscope Capital Inc. now owns 516,293 shares of the company’s stock valued at $5,563,000 after purchasing an additional 178,263 shares during the period. Deutsche Bank AG boosted its stake in shares of Globalink Investment by 131.1% in the third quarter. Deutsche Bank AG now owns 79,306 shares of the company’s stock worth $855,000 after acquiring an additional 44,993 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Globalink Investment by 11.0% in the third quarter. Wolverine Asset Management LLC now owns 446,085 shares of the company’s stock worth $4,807,000 after acquiring an additional 44,323 shares during the last quarter. Karpus Management Inc. boosted its stake in shares of Globalink Investment by 42.7% in the fourth quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock worth $2,721,000 after acquiring an additional 75,125 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Globalink Investment in the fourth quarter worth approximately $1,111,000. 27.90% of the stock is owned by institutional investors and hedge funds.

About Globalink Investment

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire business in the technology industry within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.