Galata Acquisition Corp. II (NASDAQ:LATA) Shares Shorted: Short Interest Down 66.9% in September

Galata Acquisition Corp. II (NASDAQ:LATA) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 50 shares, a decrease of 66.9% from the August 31st total of 151 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,553 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Galata Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Galata Acquisition Corp. II presently has an average rating of “Sell”.

Galata Acquisition Corp. II Stock Performance

LATA traded up $0.01 during midday trading on Tuesday, reaching $10.20. The company’s stock had a trading volume of 32,897 shares, compared to its average volume of 48,045. The company has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $10.09. Galata Acquisition Corp. II has a twelve month low of $9.91 and a twelve month high of $10.21.

Galata Acquisition Corp. II (NASDAQ:LATA) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Hedge Funds Weigh In On Galata Acquisition Corp. II

Several institutional investors have recently bought and sold shares of LATA. Sona Asset Management US LLC purchased a new position in Galata Acquisition Corp. II during the 1st quarter worth $1,411,000. Lineage Point Capital LP bought a new stake in shares of Galata Acquisition Corp. II during the fourth quarter valued at approximately $746,000. Periscope Capital Inc. purchased a new position in shares of Galata Acquisition Corp. II during the fourth quarter valued at $4,125,000. Rivernorth Capital Management LLC bought a new position in Galata Acquisition Corp. II during the first quarter worth $2,997,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at $3,976,000.

About Galata Acquisition Corp. II

Galata Acquisition Corp. II is a special purpose acquisition company, or SPAC, incorporated in the Cayman Islands and listed on the Nasdaq under the symbol LATA. The company was formed to pursue a business combination with one or more operating businesses.

Rather than offering products or services, Galata Acquisition Corp. II evaluates potential merger, share exchange, asset acquisition, share purchase, reorganization, or similar transactions. The company has not identified a specific target business, and its activities are primarily focused on finding and completing a suitable transaction.

As a SPAC, Galata Acquisition Corp.