GX Acquisition Corp. II (NASDAQ:GXII) Sees Significant Growth in Short Interest

GX Acquisition Corp. II (NASDAQ:GXIIGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 32,100 shares, an increase of 256.7% from the March 31st total of 9,000 shares. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the shares of the company are short sold.

GXII stock opened at $9.77 on Thursday. The stock’s 50-day moving average price is $9.74. GX Acquisition Corp. II has a 52-week low of $9.59 and a 52-week high of $10.06.

Hedge funds have recently bought and sold shares of the company. Robinson Capital Management LLC purchased a new stake in shares of GX Acquisition Corp. II during the 3rd quarter worth about $101,000. Toroso Investments LLC acquired a new position in shares of GX Acquisition Corp. II during the 3rd quarter worth about $100,000. Ionic Capital Management LLC acquired a new position in shares of GX Acquisition Corp. II during the 3rd quarter worth about $486,000. Exos Asset Management LLC raised its position in shares of GX Acquisition Corp. II by 3.4% during the 1st quarter. Exos Asset Management LLC now owns 70,550 shares of the company’s stock worth $689,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of GX Acquisition Corp. II by 2.4% during the 4th quarter. Bank of America Corp DE now owns 153,632 shares of the company’s stock worth $1,489,000 after purchasing an additional 3,632 shares during the last quarter. 66.07% of the stock is currently owned by institutional investors and hedge funds.

About GX Acquisition Corp. II (Get Rating)

GX Acquisition Corp. II does not have significant operations. It intends to effect 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 New York, New York.

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