Gores Technology Partners, Inc. (NASDAQ: GTPA – Get a rating) benefited from significant growth in short-term interest in May. As of May 31, there was short interest totaling 6,700 shares, up 26.4% from the May 15 total of 5,300 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 114,900 shares, the short interest ratio is currently 0.1 day.
Shares of GTPA opened at $9.78 on Friday. The company’s 50-day moving average price is $9.79 and its 200-day moving average price is $9.80. Gores Technology Partners has a 52-week low of $9.67 and a 52-week high of $10.22.
Institutional investors and hedge funds have recently changed their positions in the stock. Geode Capital Management LLC acquired a new stake in Gores Technology Partners in the third quarter worth approximately $99,000. Royal Bank of Canada acquired a new stake in Gores Technology Partners in the third quarter valued at approximately $194,000. Centiva Capital LP acquired a new stake in Gores Technology Partners in the third quarter valued at approximately $687,000. Millennium Management LLC increased its stake in Gores Technology Partners by 9.1% in the third quarter. Millennium Management LLC now owns 677,030 shares of the company valued at $6,648,000 after acquiring an additional 56,539 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in Gores Technology Partners by 34.7% in the third quarter. Verition Fund Management LLC now owns 96,692 shares of the company valued at $950,000 after acquiring an additional 24,887 shares in the last quarter. 63.37% of the shares are currently held by hedge funds and other institutional investors.
About Gores Technology Partners (Get a rating)
Gores Technology Partners, Inc. has no significant activities. The Company is focused on completing a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with a or more companies. It intends to focus on technology businesses in consumer internet, enterprise software, fintech, digital health, proptech, gaming, agtech and logistic.
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