Gores Technology Partners II, Inc. (NASDAQ: GTPB – Get a rating) benefited from significant growth in short-term interest in April. As of April 15, there were short interests totaling 23,800 shares, up 40.8% from the March 31 total of 16,900 shares. Based on an average trading volume of 185,900 shares, the day-to-cover ratio is currently 0.1 day. Approximately 0.1% of the company’s shares are sold short.

Several large investors have recently changed their holdings of GTPB. Bank of America Corp DE bought a new stake in Gores Technology Partners II in Q2 for a value of approximately $517,000. Geode Capital Management LLC purchased a new stake in Gores Technology Partners II in Q3 for approximately $158,000. Security Benefit Life Insurance Co. KS purchased a new stake in Gores Technology Partners II in Q3 for a value of approximately $3,423,000. Hsbc Holdings PLC purchased a new stake in Gores Technology Partners II in Q3 for a value of approximately $5,840,000. Finally, Wolverine Asset Management LLC increased its stake in Gores Technology Partners II by 14.2% in the third quarter. Wolverine Asset Management LLC now owns 92,508 shares of the company worth $910,000 after purchasing an additional 11,498 shares last quarter. Hedge funds and other institutional investors own 59.27% ​​of the company’s shares.

Shares of NASDAQ: GTPB on Friday, it fell $0.01 to $9.79. 4,709 shares of the company were traded, against an average volume of 119,631. Gores Technology Partners II has a 52-week low of $9.65 and a 52-week high of $10.53. The stock has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $9.80.

About Gores Technology Partners II (Get a rating)

Gores Technology Partners II, Inc., a blank check corporation, intends to effect a related merger, stock exchange, asset acquisition, stock purchase, reorganization or business combination with one or more companies. The company was founded in 2020 and is based in Boulder, Colorado.

Read more

Receive daily news and reviews for Gores Technology Partners II – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Gores Technology Partners II and related companies with MarketBeat.com’s FREE daily newsletter.