Globa Terra Acquisition Corp (NASDAQ:GTERA) Sees Significant Decline in Short Interest

Globa Terra Acquisition Corp (NASDAQ:GTERA) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,511 shares, a decrease of 77.3% from the September 30th total of 6,664 shares. Based on an average daily trading volume, of 134,933 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Globa Terra Acquisition

An institutional investor recently raised its stake in Globa Terra Acquisition stock. Berkley W R Corp grew its stake in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA) by 19.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,062,185 shares of the company’s stock after buying an additional 175,422 shares during the period. Berkley W R Corp’s holdings in Globa Terra Acquisition were worth $10,866,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Globa Terra Acquisition from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Globa Terra Acquisition Stock Down 0.0%

Shares of Globa Terra Acquisition stock traded down $0.01 during trading on Wednesday, reaching $10.47. 1,080 shares of the company were exchanged, compared to its average volume of 44,735. Globa Terra Acquisition has a twelve month low of $10.03 and a twelve month high of $10.50. The business has a 50-day moving average price of $10.45 and a 200-day moving average price of $10.31.

Globa Terra Acquisition Corp is a finance company in the Asset Management & Custody Banks industry.