Goldenbridge Acquisition Limited (NASDAQ:GBRG) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 600 shares, a decline of 98.2% from the September 15th total of 33,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 0.1 days.
Several hedge funds have recently made changes to their positions in the company. ATW Spac Management LLC bought a new stake in shares of Goldenbridge Acquisition in the second quarter worth $4,734,000. CVI Holdings LLC acquired a new position in Goldenbridge Acquisition during the second quarter worth $2,210,000. Goldman Sachs Group Inc. acquired a new position in Goldenbridge Acquisition during the second quarter worth $2,128,000. Berkley W R Corp acquired a new position in Goldenbridge Acquisition during the second quarter worth $2,065,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Goldenbridge Acquisition during the second quarter worth $1,470,000.
Shares of GBRG stock opened at $9.89 on Thursday. The stock has a fifty day simple moving average of $9.86. Goldenbridge Acquisition has a 12 month low of $9.70 and a 12 month high of $9.92.
Goldenbridge Acquisition Limited is a blank check company. The company focuses on merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was founded in 2019 and is based in Wan Chai, Hong Kong.
Recommended Story: What are economic reports?
Receive News & Ratings for Goldenbridge Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldenbridge Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.