The Growth for Good Acquisition Co. (NASDAQ:GFGDU) Sees Significant Decline in Short Interest

The Growth for Good Acquisition Co. (NASDAQ:GFGDUGet Rating) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,700 shares, a decline of 29.2% from the April 30th total of 2,400 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is currently 0.2 days.

Institutional investors have recently made changes to their positions in the company. Timelo Investment Management Inc. purchased a new stake in Growth for Good Acquisition during the fourth quarter valued at approximately $1,996,000. PEAK6 Investments LLC purchased a new stake in Growth for Good Acquisition during the fourth quarter valued at approximately $998,000. K2 Principal Fund L.P. purchased a new stake in Growth for Good Acquisition during the fourth quarter valued at approximately $5,988,000. Radcliffe Capital Management L.P. purchased a new stake in Growth for Good Acquisition during the fourth quarter valued at approximately $8,467,000. Finally, HBK Investments L P purchased a new stake in Growth for Good Acquisition during the fourth quarter valued at approximately $5,988,000.

NASDAQ:GFGDU opened at $9.94 on Friday. The firm’s 50-day moving average is $9.97. Growth for Good Acquisition has a 52-week low of $9.84 and a 52-week high of $11.14.

Growth for Good Acquisition Company Profile (Get Rating)

The Growth for Good Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.

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