Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,813 shares, an increase of 450.2% from the August 15th total of 693 shares. Based on an average daily volume of 1,346 shares, the short-interest ratio is presently 2.8 days.
Galata Acquisition Corp. II Stock Performance
Shares of NASDAQ:LATAW remained flat at $0.23 during trading on Friday. Galata Acquisition Corp. II has a 12 month low of $0.20 and a 12 month high of $0.50. The firm’s 50-day simple moving average is $0.28 and its two-hundred day simple moving average is $0.32.
Galata Acquisition Corp. II Company Profile
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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