Gesher Acquisition Corp. II (NASDAQ:GSHR) Shares Up 0.6% – What’s Next?

Gesher Acquisition Corp. II (NASDAQ:GSHR) traded up 0.6% on Thursday . The company traded as high as $10.39 and last traded at $10.36. 617 shares were traded during mid-day trading, a decline of 96% from the average session volume of 13,773 shares. The stock had previously closed at $10.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Gesher Acquisition Corp. II in a research note on Tuesday, January 27th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Gesher Acquisition Corp. II Price Performance

Institutional Investors Weigh In On Gesher Acquisition Corp. II

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Gesher Acquisition Corp. II during the fourth quarter worth about $156,000. Glazer Capital LLC increased its stake in shares of Gesher Acquisition Corp. II by 12.2% during the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after acquiring an additional 24,299 shares during the last quarter. Meteora Capital LLC purchased a new position in shares of Gesher Acquisition Corp. II during the 4th quarter worth about $437,000. Radcliffe Capital Management L.P. boosted its position in shares of Gesher Acquisition Corp. II by 34.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after acquiring an additional 58,339 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Gesher Acquisition Corp. II in the fourth quarter valued at approximately $4,107,000.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.