G3 VRM Acquisition Corp. (NASDAQ:GGGV) Sees Significant Decrease in Short Interest

G3 VRM Acquisition Corp. (NASDAQ:GGGV – Get Rating) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,600 shares, a drop of 28.0% from the April 30th total of 5,000 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Glazer Capital LLC bought a new stake in G3 VRM Acquisition in the first quarter worth $624,000. Karpus Management Inc. lifted its position in G3 VRM Acquisition by 29.0% in the first quarter. Karpus Management Inc. now owns 480,989 shares of the company’s stock worth $4,913,000 after buying an additional 108,075 shares during the last quarter. Arena Investors LP bought a new stake in shares of G3 VRM Acquisition during the first quarter worth $246,000. Wolverine Asset Management LLC lifted its position in shares of G3 VRM Acquisition by 7.2% during the first quarter. Wolverine Asset Management LLC now owns 134,589 shares of the company’s stock worth $1,374,000 after purchasing an additional 9,090 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new stake in shares of G3 VRM Acquisition during the fourth quarter worth $127,000. Institutional investors own 83.95% of the company’s stock.

Shares of GGGV opened at $10.11 on Friday. The business has a fifty day moving average of $10.12 and a 200 day moving average of $10.06. G3 VRM Acquisition has a 52-week low of $9.75 and a 52-week high of $10.60.

G3 VRM Acquisition Company Profile (Get Rating)

G3 VRM 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 was incorporated in 2021 and is based in Boston, Massachusetts.

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