Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,622 shares, a decline of 64.7% from the July 15th total of 4,600 shares. Based on an average trading volume of 23,464 shares, the days-to-cover ratio is currently 0.1 days.
Galata Acquisition Corp. II Stock Performance
NASDAQ:LATAW traded down $0.01 on Friday, reaching $0.28. 1,123 shares of the stock traded hands, compared to its average volume of 18,593. The firm has a 50 day moving average of $0.34. Galata Acquisition Corp. II has a 1-year low of $0.24 and a 1-year high of $0.50.
About Galata Acquisition Corp. II
Galata Acquisition Corp. II (NASDAQ: LATAW) is a publicly listed special purpose acquisition company (SPAC). As a blank‑check vehicle, the company’s primary purpose is to identify, negotiate and complete a business combination with one or more operating businesses. Galata Acquisition Corp. II is listed on the NASDAQ and, like other SPACs, operates as an acquisition platform rather than as an operating company that manufactures products or delivers ongoing services.
The company’s activities typically include sourcing potential target companies, performing due diligence, structuring a business combination and obtaining shareholder approval for a proposed transaction.
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