GO Acquisition Corp. (NYSE:GOAC) Short Interest Update

GO Acquisition Corp. (NYSE:GOACGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 36,200 shares, an increase of 101.1% from the April 30th total of 18,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 103,700 shares, the short-interest ratio is currently 0.3 days.

Shares of GO Acquisition stock traded up $0.01 during trading on Friday, hitting $9.95. 417,421 shares of the company’s stock were exchanged, compared to its average volume of 129,896. The business has a 50-day simple moving average of $9.92 and a 200-day simple moving average of $9.88. GO Acquisition has a 52-week low of $9.70 and a 52-week high of $9.97.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. raised its stake in shares of GO Acquisition by 85.1% in the 4th quarter. Saba Capital Management L.P. now owns 1,741,895 shares of the company’s stock valued at $17,140,000 after acquiring an additional 800,621 shares during the period. Alberta Investment Management Corp purchased a new stake in GO Acquisition during the 4th quarter worth approximately $5,277,000. Dark Forest Capital Management LP acquired a new position in GO Acquisition during the 3rd quarter worth approximately $4,206,000. Kohlberg Kravis Roberts & Co. L.P. grew its holdings in GO Acquisition by 114.6% during the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 725,644 shares of the company’s stock worth $7,140,000 after acquiring an additional 387,464 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in GO Acquisition during the 1st quarter worth approximately $2,787,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

GO Acquisition Company Profile (Get Rating)

GO Acquisition Corp. 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 focuses on travel-related and travel-adjacent businesses. GO Acquisition Corp.

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