Gobi Acquisition (NASDAQ:GOBI) Trading 2% Higher

Gobi Acquisition Corp. (NASDAQ:GOBI)’s share price traded up 2% during trading on Friday . The company traded as high as $9.82 and last traded at $9.82. 1,001 shares were traded during trading, a decline of 23% from the average session volume of 1,300 shares. The stock had previously closed at $9.63.

The business has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $9.74.

Gobi Acquisition (NASDAQ:GOBI) last announced its earnings results on Monday, November 22nd. The company reported ($0.01) EPS for the quarter.

Several hedge funds have recently made changes to their positions in GOBI. HighTower Advisors LLC acquired a new position in Gobi Acquisition in the second quarter valued at about $295,000. Citigroup Inc. acquired a new position in Gobi Acquisition in the second quarter valued at about $3,004,000. CVI Holdings LLC acquired a new position in Gobi Acquisition in the second quarter valued at about $666,000. Levin Capital Strategies L.P. acquired a new position in Gobi Acquisition in the second quarter valued at about $99,000. Finally, Athos Capital Ltd acquired a new position in Gobi Acquisition in the second quarter valued at about $1,970,000. 20.80% of the stock is currently owned by hedge funds and other institutional investors.

About Gobi Acquisition (NASDAQ:GOBI)

Gobi Acquisition Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Gobi Acquisition Corp. is based in Hong Kong.

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