Golden Path Acquisition Co. (NASDAQ:GPCO) Sees Large Decrease in Short Interest

Golden Path Acquisition Co. (NASDAQ:GPCOGet Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 1,500 shares, a decline of 40.0% from the March 31st total of 2,500 shares. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 0.1 days.

Several hedge funds have recently bought and sold shares of the company. Weiss Asset Management LP purchased a new position in shares of Golden Path Acquisition in the third quarter worth $7,015,000. Karpus Management Inc. raised its stake in shares of Golden Path Acquisition by 7.8% in the fourth quarter. Karpus Management Inc. now owns 574,237 shares of the company’s stock worth $5,719,000 after purchasing an additional 41,625 shares during the last quarter. ATW Spac Management LLC purchased a new position in shares of Golden Path Acquisition in the third quarter worth $3,964,000. Polar Asset Management Partners Inc. purchased a new position in shares of Golden Path Acquisition in the third quarter worth $3,468,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Golden Path Acquisition during the third quarter valued at $3,077,000. Hedge funds and other institutional investors own 62.16% of the company’s stock.

Golden Path Acquisition stock opened at $10.07 on Friday. The business’s fifty day simple moving average is $10.05 and its two-hundred day simple moving average is $10.01. Golden Path Acquisition has a 12 month low of $9.31 and a 12 month high of $13.27.

Golden Path Acquisition Company Profile (Get Rating)

Golden Path Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2018 and is based in New York, New York.

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