General Catalyst Global Resilience Merger Corp. (NASDAQ:GCGR) Shares Shorted: Short Interest Down 38.1% in October

General Catalyst Global Resilience Merger Corp. (NASDAQ:GCGR) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 842 shares, a drop of 38.1% from the September 30th total of 1,360 shares. Based on an average daily volume of 51,784 shares, the short-interest ratio is presently 0.0 days.

General Catalyst Global Resilience Merger Stock Performance

GCGR opened at $9.98 on Wednesday. The stock has a 50 day simple moving average of $10.11. General Catalyst Global Resilience Merger has a 1-year low of $9.95 and a 1-year high of $10.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on General Catalyst Global Resilience Merger in a research note on Wednesday, September 16th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, General Catalyst Global Resilience Merger presently has an average rating of “Sell”.

About General Catalyst Global Resilience Merger

General Catalyst Global Resilience Merger Corp. (NASDAQ: GCGR) is a special purpose acquisition company (SPAC) sponsored by an affiliate of General Catalyst, a global venture capital firm. The company was formed to identify and complete a business combination with one or more private companies.

As a blank-check company, General Catalyst Global Resilience Merger Corp. does not operate a conventional business and does not currently offer products or services of its own. Its principal activities are evaluating potential merger, acquisition, or other business-combination opportunities and completing a transaction if an appropriate target is identified.

The company’s future operations, industry focus, geographic presence, and leadership structure following a business combination will depend on the target it selects.