Gores Technology Partners II, Inc. (NASDAQ:GTPB) Brief Interest Update
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.
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