Short Interest in GP-Act III Acquisition Corp. (NASDAQ:GPATW) Rises By 48.7%

GP-Act III Acquisition Corp. (NASDAQ:GPATW) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,452 shares, an increase of 48.7% from the December 15th total of 2,993 shares. Based on an average daily trading volume, of 1,844 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 1,844 shares, the days-to-cover ratio is presently 2.4 days.

GP-Act III Acquisition Price Performance

Shares of GPATW traded down $0.00 during mid-day trading on Friday, hitting $0.27. 2,560 shares of the company’s stock were exchanged, compared to its average volume of 2,833. GP-Act III Acquisition has a 52 week low of $0.11 and a 52 week high of $0.44. The company has a 50-day simple moving average of $0.29 and a 200 day simple moving average of $0.29.

About GP-Act III Acquisition

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.