Short Interest in Marblegate Acquisition Corp. (NASDAQ:GATE) Grows By 125.0%

Marblegate Acquisition Corp. (NASDAQ:GATE) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a growth of 125.0% from the January 31st total of 800 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.3% of the shares of the stock are short sold.

Marblegate Acquisition Stock Performance

Shares of GATE traded up $0.02 on Friday, reaching $10.95. The stock had a trading volume of 1,055 shares, compared to its average volume of 1,905. Marblegate Acquisition has a twelve month low of $10.40 and a twelve month high of $12.30. The firm has a 50-day moving average of $10.91 and a 200 day moving average of $11.00.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.