Short Interest in Marblegate Acquisition Corp. (NASDAQ:GATE) Rises By 72.2%

Marblegate Acquisition Corp. (NASDAQ:GATE) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,100 shares, an increase of 72.2% from the February 13th total of 1,800 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 5.2 days. Currently, 0.5% of the company’s shares are short sold.

Marblegate Acquisition Trading Up 0.6 %

Shares of NASDAQ:GATE opened at $10.97 on Monday. Marblegate Acquisition has a one year low of $10.40 and a one year high of $12.30. The company has a 50 day moving average of $10.90 and a 200-day moving average of $10.99.

Marblegate Acquisition Company Profile

Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.