GO Acquisition Corp. (NYSE:GOAC) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 71,800 shares, a decline of 76.6% from the September 15th total of 306,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is presently 1.1 days.
Large investors have recently bought and sold shares of the company. Kohlberg Kravis Roberts & Co. L.P. bought a new position in GO Acquisition in the 2nd quarter worth $403,000. Citadel Advisors LLC boosted its holdings in shares of GO Acquisition by 3.3% during the 2nd quarter. Citadel Advisors LLC now owns 600,354 shares of the company’s stock valued at $5,872,000 after purchasing an additional 19,102 shares during the last quarter. Islet Management LP bought a new position in shares of GO Acquisition during the 2nd quarter valued at about $4,355,000. Periscope Capital Inc. boosted its holdings in shares of GO Acquisition by 23.9% during the 2nd quarter. Periscope Capital Inc. now owns 2,641,668 shares of the company’s stock valued at $25,836,000 after purchasing an additional 510,268 shares during the last quarter. Finally, EJF Capital LLC bought a new position in shares of GO Acquisition during the 2nd quarter valued at about $196,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.
NYSE GOAC remained flat at $$9.82 during mid-day trading on Thursday. 8,728 shares of the company were exchanged, compared to its average volume of 104,113. GO Acquisition has a 52 week low of $9.51 and a 52 week high of $12.65. The business’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $9.83.
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 was incorporated in 2020 and is based in New York, New York.
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