Gores Technology Partners II, Inc. (NASDAQ:GTPB – Get Rating) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 23,800 shares, a growth of 40.8% from the March 31st total of 16,900 shares. Based on an average trading volume of 185,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Several large investors have recently modified their holdings of GTPB. Bank of America Corp DE bought a new stake in Gores Technology Partners II in the 2nd quarter worth about $517,000. Geode Capital Management LLC bought a new stake in Gores Technology Partners II in the 3rd quarter worth about $158,000. Security Benefit Life Insurance Co. KS bought a new stake in Gores Technology Partners II in the 3rd quarter worth about $3,423,000. Hsbc Holdings PLC bought a new stake in Gores Technology Partners II in the 3rd quarter worth about $5,840,000. Finally, Wolverine Asset Management LLC increased its holdings in Gores Technology Partners II by 14.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 92,508 shares of the company’s stock worth $910,000 after buying an additional 11,498 shares in the last quarter. Hedge funds and other institutional investors own 59.27% of the company’s stock.
Shares of NASDAQ:GTPB traded down $0.01 on Friday, hitting $9.79. 4,709 shares of the company traded hands, compared to its 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 Rating)
Gores Technology Partners II, Inc, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in Boulder, Colorado.
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