GP-Act III Acquisition Corp. (NASDAQ:GPATW) Sees Significant Increase in Short Interest

GP-Act III Acquisition Corp. (NASDAQ:GPATW) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 4,879 shares, an increase of 102.6% from the January 15th total of 2,408 shares. Based on an average daily trading volume, of 45,198 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 45,198 shares, the days-to-cover ratio is presently 0.1 days.

GP-Act III Acquisition Stock Down 2.0%

Shares of GP-Act III Acquisition stock opened at $0.23 on Friday. GP-Act III Acquisition has a 1-year low of $0.14 and a 1-year high of $0.44. The company has a 50 day moving average of $0.26 and a 200-day moving average of $0.29.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp. in November 2020. GP-Act III Acquisition Corp. was incorporated in 2020 and is based in New York, New York.