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

Marblegate Acquisition Corp. (NASDAQ:GATE) was the recipient of a significant growth in short interest during the month of 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 daily volume of 400 shares, the short-interest ratio is presently 4.5 days. Approximately 0.3% of the company’s shares are short sold.

Marblegate Acquisition Price Performance

GATE traded up $0.02 during trading hours on Friday, reaching $10.95. 1,055 shares of the stock traded hands, compared to its average volume of 1,905. The firm’s fifty day simple moving average is $10.91 and its two-hundred day simple moving average is $11.00. Marblegate Acquisition has a fifty-two week low of $10.40 and a fifty-two week high of $12.30.

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.