Short Interest in Marblegate Acquisition Corp. (NASDAQ:GATE) Rises By 72.2%

Marblegate Acquisition Corp. (NASDAQ:GATE) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 3,100 shares, a growth of 72.2% from the February 13th total of 1,800 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.5% of the shares of the stock are short sold.

Marblegate Acquisition Stock Performance

GATE opened at $10.97 on Monday. Marblegate Acquisition has a 1-year low of $10.40 and a 1-year high of $12.30. The firm has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $10.99.

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.