Globa Terra Acquisition Corp (NASDAQ:GTERA) Shares Shorted: Short Interest Down 77.3% in October

Globa Terra Acquisition Corp (NASDAQ:GTERA) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,511 shares, a decline of 77.3% from the September 30th total of 6,664 shares. Based on an average daily trading volume, of 134,933 shares, the days-to-cover ratio is currently 0.0 days.

Globa Terra Acquisition Trading Down 0.0%

Shares of NASDAQ GTERA traded down $0.01 during trading on Wednesday, reaching $10.47. The company had a trading volume of 1,080 shares, compared to its average volume of 44,735. Globa Terra Acquisition has a 52 week low of $10.03 and a 52 week high of $10.50. The business’s 50 day moving average price is $10.45 and its 200-day moving average price is $10.31.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Globa Terra Acquisition from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Globa Terra Acquisition

An institutional investor recently raised its stake in Globa Terra Acquisition stock. Berkley W R Corp raised its holdings in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,062,185 shares of the company’s stock after purchasing an additional 175,422 shares during the period. Berkley W R Corp’s holdings in Globa Terra Acquisition were worth $10,866,000 as of its most recent filing with the Securities and Exchange Commission.

Globa Terra Acquisition Corp is a finance company in the Asset Management & Custody Banks industry.