Global Partner Acquisition Corp II (NASDAQ:GPAC) Short Interest Update

Global Partner Acquisition Corp II (NASDAQ:GPAC) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 5,670 shares, a growth of 732.6% from the August 31st total of 681 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,529 shares, the days-to-cover ratio is presently 0.3 days.

Global Partner Acquisition Corp II Price Performance

Shares of Global Partner Acquisition Corp II stock traded up $0.01 during trading on Friday, reaching $10.09. 809 shares of the company’s stock were exchanged, compared to its average volume of 74,100. Global Partner Acquisition Corp II has a 1-year low of $9.86 and a 1-year high of $10.10. The firm’s 50-day moving average price is $10.04 and its 200 day moving average price is $9.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Global Partner Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Global Partner Acquisition Corp II Company Profile

Global Partner Acquisition Corp II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. Such transactions may take the form of a merger, share exchange, asset acquisition, reorganization or similar corporate transaction.

Unlike an operating company, Global Partner Acquisition Corp II does not have established products, services or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence and negotiating a transaction that would allow a private company to become publicly traded.

The company’s future business activities, leadership structure and geographic focus would depend on the completion and terms of any business combination.