Global Partner Acquisition Corp II (NASDAQ:GPAC) Short Interest Update

Global Partner Acquisition Corp II (NASDAQ:GPAC) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,670 shares, an increase of 732.6% from the August 31st total of 681 shares. Based on an average daily trading volume, of 16,529 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Global Partner Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Global Partner Acquisition Corp II presently has a consensus rating of “Sell”.

Global Partner Acquisition Corp II Price Performance

GPAC remained flat at $10.08 on Thursday. The company’s stock had a trading volume of 815 shares, compared to its average volume of 74,848. Global Partner Acquisition Corp II has a fifty-two week low of $9.86 and a fifty-two week high of $10.10. The firm’s fifty day moving average price is $10.04 and its 200-day moving average price is $9.99.

About Global Partner Acquisition Corp II

Global Partner Acquisition Corp II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. Such transactions may take the form of a merger, share exchange, asset acquisition, reorganization or similar corporate transaction.

Unlike an operating company, Global Partner Acquisition Corp II does not have established products, services or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence and negotiating a transaction that would allow a private company to become publicly traded.

The company’s future business activities, leadership structure and geographic focus would depend on the completion and terms of any business combination.