Global Consumer Acquisition Corp. (NASDAQ:GACQ) Sees Significant Growth in Short Interest

Global Consumer Acquisition Corp. (NASDAQ:GACQGet Rating) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 21,900 shares, a growth of 421.4% from the April 30th total of 4,200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 16,700 shares, the short-interest ratio is currently 1.3 days.

NASDAQ GACQ opened at $10.04 on Thursday. The business’s 50 day moving average is $10.01 and its two-hundred day moving average is $9.97. Global Consumer Acquisition has a 12-month low of $9.67 and a 12-month high of $10.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GACQ. Highbridge Capital Management LLC acquired a new stake in shares of Global Consumer Acquisition in the 3rd quarter worth approximately $19,511,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Global Consumer Acquisition in the 3rd quarter worth approximately $16,598,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Global Consumer Acquisition by 200.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,680,000 shares of the company’s stock worth $16,666,000 after acquiring an additional 1,120,000 shares during the period. Berkley W R Corp acquired a new stake in shares of Global Consumer Acquisition in the 3rd quarter worth approximately $7,272,000. Finally, Cohanzick Management LLC purchased a new stake in Global Consumer Acquisition in the 3rd quarter valued at approximately $6,522,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

About Global Consumer Acquisition (Get Rating)

Global Consumer Acquisition Corp. 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 focus on businesses in the consumer products and services sectors.

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