Globalink Investment Inc. (NASDAQ:GLLI) Sees Significant Increase in Short Interest

Globalink Investment Inc. (NASDAQ:GLLI) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 500 shares, an increase of 400.0% from the March 31st total of 100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Globalink Investment

Several hedge funds and other institutional investors have recently made changes to their positions in GLLI. Deutsche Bank AG increased its position in shares of Globalink Investment by 131.1% during the third quarter. Deutsche Bank AG now owns 79,306 shares of the company’s stock worth $855,000 after acquiring an additional 44,993 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in shares of Globalink Investment during the fourth quarter worth about $1,111,000. Karpus Management Inc. increased its position in shares of Globalink Investment by 42.7% during the fourth quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock worth $2,721,000 after acquiring an additional 75,125 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Globalink Investment by 11.0% during the third quarter. Wolverine Asset Management LLC now owns 446,085 shares of the company’s stock worth $4,807,000 after acquiring an additional 44,323 shares in the last quarter. Finally, Periscope Capital Inc. increased its position in shares of Globalink Investment by 52.7% during the third quarter. Periscope Capital Inc. now owns 516,293 shares of the company’s stock worth $5,563,000 after acquiring an additional 178,263 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

Globalink Investment Stock Performance

GLLI remained flat at $11.07 during midday trading on Friday. 2,309 shares of the company’s stock traded hands, compared to its average volume of 4,723. Globalink Investment has a 12-month low of $10.35 and a 12-month high of $12.10. The stock’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.88.

Globalink Investment (NASDAQ:GLLI) last posted its earnings results on Monday, April 1st. The company reported ($0.08) EPS for the quarter.

Globalink Investment Company Profile

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire business in the technology industry within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.