Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC) Sees Large Increase in Short Interest

Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 2,600 shares, a growth of 188.9% from the April 30th total of 900 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

NASDAQ:GHAC opened at $9.79 on Friday. The stock has a fifty day moving average price of $9.80 and a two-hundred day moving average price of $9.77. Gaming & Hospitality Acquisition has a 1 year low of $9.62 and a 1 year high of $9.94.

Several hedge funds have recently made changes to their positions in GHAC. Glazer Capital LLC purchased a new position in shares of Gaming & Hospitality Acquisition in the fourth quarter valued at $6,266,000. Citadel Advisors LLC increased its position in shares of Gaming & Hospitality Acquisition by 77.4% in the third quarter. Citadel Advisors LLC now owns 1,145,377 shares of the company’s stock valued at $11,225,000 after buying an additional 499,553 shares in the last quarter. Apollo Management Holdings L.P. acquired a new stake in shares of Gaming & Hospitality Acquisition during the first quarter valued at $3,420,000. Millennium Management LLC boosted its stake in shares of Gaming & Hospitality Acquisition by 140.7% during the third quarter. Millennium Management LLC now owns 489,248 shares of the company’s stock valued at $4,795,000 after acquiring an additional 286,000 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Gaming & Hospitality Acquisition by 86.9% during the first quarter. Wolverine Asset Management LLC now owns 363,701 shares of the company’s stock valued at $3,553,000 after acquiring an additional 169,089 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Gaming & Hospitality Acquisition Company Profile (Get Rating)

Gaming & Hospitality Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the gaming and hospitality sectors.

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