Gesher Acquisition Corp. II (NASDAQ:GSHR) Short Interest Down 44.7% in May

Gesher Acquisition Corp. II (NASDAQ:GSHR) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 307 shares, a decrease of 44.7% from the April 30th total of 555 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,032 shares, the days-to-cover ratio is presently 0.0 days.

Gesher Acquisition Corp. II Stock Up 0.1%

NASDAQ GSHR traded up $0.02 during trading on Thursday, reaching $10.43. The stock’s fifty day moving average is $10.38. Gesher Acquisition Corp. II has a fifty-two week low of $9.51 and a fifty-two week high of $11.20.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last announced its quarterly earnings data on Friday, March 27th. The company reported $0.04 EPS for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Gesher Acquisition Corp. II during the fourth quarter valued at $4,107,000. Radcliffe Capital Management L.P. increased its position in Gesher Acquisition Corp. II by 34.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after acquiring an additional 58,339 shares during the last quarter. Glazer Capital LLC increased its position in Gesher Acquisition Corp. II by 12.2% during the fourth 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. Sona Asset Management US LLC purchased a new stake in Gesher Acquisition Corp. II during the first quarter valued at $1,810,000. Finally, Meteora Capital LLC purchased a new stake in Gesher Acquisition Corp. II during the fourth quarter valued at $437,000.

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.