Golden Falcon Acquisition Corp. (NYSE:GFX – Get Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 6,200 shares, an increase of 59.0% from the March 15th total of 3,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 83,700 shares, the days-to-cover ratio is presently 0.1 days.
Shares of GFX remained flat at $$9.84 during trading hours on Friday. The stock had a trading volume of 110 shares, compared to its average volume of 109,263. The business’s 50 day moving average is $9.80 and its two-hundred day moving average is $9.78. Golden Falcon Acquisition has a 1-year low of $9.56 and a 1-year high of $9.93.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Easterly Investment Partners LLC acquired a new stake in Golden Falcon Acquisition during the 3rd quarter worth about $195,000. Crestline Management LP acquired a new stake in Golden Falcon Acquisition during the 3rd quarter worth about $198,000. Qube Research & Technologies Ltd boosted its stake in Golden Falcon Acquisition by 41.4% in the 4th quarter. Qube Research & Technologies Ltd now owns 21,941 shares of the company’s stock worth $215,000 after purchasing an additional 6,426 shares during the period. Marquette Asset Management LLC boosted its stake in Golden Falcon Acquisition by 43.7% in the 3rd quarter. Marquette Asset Management LLC now owns 23,320 shares of the company’s stock worth $227,000 after purchasing an additional 7,089 shares during the period. Finally, GAM Holding AG acquired a new position in Golden Falcon Acquisition in the 4th quarter worth approximately $254,000. 64.58% of the stock is owned by institutional investors and hedge funds.
Golden Falcon Acquisition Corp. does not have significant operations. It focuses effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was incorporated in 2020 and is based in Newark, Delaware.
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