Short Interest in GP-Act III Acquisition Corp. (NASDAQ:GPATW) Rises By 48.7%

GP-Act III Acquisition Corp. (NASDAQ:GPATW) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,452 shares, an increase of 48.7% from the December 15th total of 2,993 shares. Based on an average daily volume of 1,844 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 1,844 shares, the short-interest ratio is currently 2.4 days.

GP-Act III Acquisition Stock Down 0.0%

Shares of NASDAQ:GPATW traded down $0.00 during midday trading on Friday, reaching $0.27. 2,560 shares of the company’s stock were exchanged, compared to its average volume of 2,833. GP-Act III Acquisition has a fifty-two week low of $0.11 and a fifty-two week high of $0.44. The firm’s 50 day simple moving average is $0.29 and its two-hundred day simple moving average is $0.29.

About GP-Act III Acquisition

GP-Act III Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as GP Investments Acquisition Corp. II and changed its name to GP-Act III Acquisition Corp. in November 2020. GP-Act III Acquisition Corp. was incorporated in 2020 and is based in New York, New York.