Gesher Acquisition Corp. II (NASDAQ:GSHR) Short Interest Up 147.7% in June

Gesher Acquisition Corp. II (NASDAQ:GSHR) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 701 shares, an increase of 147.7% from the May 31st total of 283 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 71 shares, the days-to-cover ratio is presently 9.9 days.

Hedge Funds Weigh In On Gesher Acquisition Corp. II

Institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Gesher Acquisition Corp. II during the fourth quarter worth about $4,107,000. Glazer Capital LLC grew its holdings in shares of Gesher Acquisition Corp. II by 12.2% in the fourth quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after purchasing an additional 24,299 shares in the last quarter. Radcliffe Capital Management L.P. grew its holdings in shares of Gesher Acquisition Corp. II by 34.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after purchasing an additional 58,339 shares in the last quarter. Meteora Capital LLC purchased a new stake in Gesher Acquisition Corp. II during the 4th quarter worth approximately $437,000. Finally, Virtu Financial LLC purchased a new stake in Gesher Acquisition Corp. II during the 4th quarter worth approximately $156,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Gesher Acquisition Corp. II Stock Up 0.0%

Shares of GSHR traded up $0.01 during midday trading on Wednesday, hitting $10.44. 40,156 shares of the stock were exchanged, compared to its average volume of 2,029. Gesher Acquisition Corp. II has a 52-week low of $9.51 and a 52-week high of $11.20. The stock’s fifty day moving average is $10.40.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.04 earnings per share for the quarter.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.