Gores Technology Partners, Inc. (NASDAQ:GTPA) Short Interest Up 60.8% in March

Gores Technology Partners, Inc. (NASDAQ:GTPAGet Rating) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 12,700 shares, an increase of 60.8% from the March 15th total of 7,900 shares. Based on an average daily volume of 102,000 shares, the days-to-cover ratio is presently 0.1 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its position in shares of Gores Technology Partners by 2.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 144,954 shares of the company’s stock valued at $1,436,000 after purchasing an additional 2,854 shares in the last quarter. Beryl Capital Management LLC grew its position in shares of Gores Technology Partners by 0.3% in the third quarter. Beryl Capital Management LLC now owns 1,348,286 shares of the company’s stock valued at $13,240,000 after purchasing an additional 4,296 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Gores Technology Partners in the third quarter valued at $99,000. Wolverine Asset Management LLC grew its position in Gores Technology Partners by 16.5% during the third quarter. Wolverine Asset Management LLC now owns 128,107 shares of the company’s stock worth $1,258,000 after buying an additional 18,162 shares in the last quarter. Finally, Credit Suisse AG bought a new position in Gores Technology Partners in the 4th quarter worth about $194,000. Institutional investors own 53.82% of the company’s stock.

Shares of NASDAQ GTPA traded up $0.01 during mid-day trading on Friday, hitting $9.84. The company had a trading volume of 4,401 shares, compared to its average volume of 173,172. Gores Technology Partners has a 1 year low of $9.70 and a 1 year high of $10.50. The stock’s 50-day moving average price is $9.77 and its 200-day moving average price is $9.83.

Gores Technology Partners Company Profile (Get Rating)

Gores Technology Partners, Inc is a blank check company. The company was incorporated in 2020 and is based in Boulder, Colorado.

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