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 significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,876 shares, an increase of 79.3% from the March 15th total of 2,720 shares. Based on an average daily trading volume, of 3,340 shares, the days-to-cover ratio is currently 1.5 days.

GP-Act III Acquisition Price Performance

Shares of GP-Act III Acquisition stock opened at $0.16 on Monday. GP-Act III Acquisition has a fifty-two week low of $0.14 and a fifty-two week high of $0.44. The business has a 50-day moving average price of $0.20 and a 200 day moving average price of $0.27.

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.