Gores Technology Partners, Inc. (NASDAQ: GTPA – Get a rating) recorded a significant increase in short-term interest in March. As of March 31, there was short interest totaling 12,700 shares, a 60.8% increase from the March 15 total of 7,900 shares. Based on an average daily volume of 102,000 shares, the day-to-cover ratio is currently 0.1 day.
Several hedge funds and other institutional investors have recently changed their positions in the company. DE Shaw & Co. Inc. increased its position in shares of Gores Technology Partners by 2.0% in the fourth quarter. DE Shaw & Co. Inc. now owns 144,954 shares of the company valued at $1,436,000 after purchasing an additional 2,854 shares in the last quarter. Beryl Capital Management LLC increased its position in shares of Gores Technology Partners by 0.3% in the third quarter. Beryl Capital Management LLC now owns 1,348,286 shares of the company valued at $13,240,000 after purchasing an additional 4,296 shares last quarter. Geode Capital Management LLC bought a new equity position from Gores Technology Partners in the third quarter worth $99,000. Wolverine Asset Management LLC increased its position in Gores Technology Partners by 16.5% during the third quarter. Wolverine Asset Management LLC now owns 128,107 shares of the company worth $1,258,000 after purchasing an additional 18,162 shares last quarter. Finally, Credit Suisse AG bought a new position in Gores Technology Partners in Q4 for a value of around $194,000. Institutional investors hold 53.82% of the company’s shares.
Shares of NASDAQ GTPA traded at $0.01 during midday trading on Friday, reaching $9.84. The company had a trading volume of 4,401 shares, compared to an average volume of 173,172. Gores Technology Partners has a 1-year low of $9.70 and a 1-year high of $10.50. The stock’s 50-day moving average price is $9.77 and its 200-day moving average price is $9.83.
Company Profile Gores Technology Partners (Get a rating)
Gores Technology Partners, Inc. is a blank check company. The company was incorporated in 2020 and is based in Boulder, Colorado.
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