Short Interest in GP-Act III Acquisition Corp. (NASDAQ:GPATW) Drops By 45.9%

GP-Act III Acquisition Corp. (NASDAQ:GPATW) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 2,408 shares, a drop of 45.9% from the December 31st total of 4,452 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.8 days.

GP-Act III Acquisition Stock Down 4.6%

Shares of NASDAQ GPATW traded down $0.01 during midday trading on Friday, reaching $0.26. 9,499 shares of the stock traded hands, compared to its average volume of 27,690. The company’s 50 day moving average is $0.28 and its 200 day moving average is $0.29. GP-Act III Acquisition has a one year low of $0.12 and a one year high of $0.44.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp. in November 2020. GP-Act III Acquisition Corp. was incorporated in 2020 and is based in New York, New York.