Marblegate Acquisition Corp. (NASDAQ:GATE) Short Interest Update

Marblegate Acquisition Corp. (NASDAQ:GATE) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, an increase of 333.3% from the March 31st total of 300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 300 shares, the short-interest ratio is currently 4.3 days.

Marblegate Acquisition Price Performance

Shares of GATE stock remained flat at $10.52 on Friday. 2 shares of the stock traded hands, compared to its average volume of 315. The company’s 50-day moving average is $10.46 and its 200 day moving average is $10.45. Marblegate Acquisition has a 52 week low of $10.07 and a 52 week high of $11.01.

Institutional Trading of Marblegate Acquisition

A number of large investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. purchased a new stake in Marblegate Acquisition during the fourth quarter worth about $3,126,000. Atalaya Capital Management LP increased its holdings in Marblegate Acquisition by 21.9% during the fourth quarter. Atalaya Capital Management LP now owns 91,429 shares of the company’s stock worth $953,000 after buying an additional 16,429 shares during the last quarter. Meteora Capital LLC increased its holdings in Marblegate Acquisition by 27.2% during the third quarter. Meteora Capital LLC now owns 100,885 shares of the company’s stock worth $1,045,000 after buying an additional 21,550 shares during the last quarter. Finally, Mizuho Securities USA LLC purchased a new stake in Marblegate Acquisition during the third quarter worth about $191,000. Hedge funds and other institutional investors own 9.39% of the company’s stock.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Rye, New York.