Short Interest in Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC) Decreases By 60.9%

Gaming & Hospitality Acquisition Corp. (NASDAQ:GHACGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 900 shares, a decline of 60.9% from the April 15th total of 2,300 shares. Based on an average daily trading volume, of 24,600 shares, the days-to-cover ratio is currently 0.0 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC raised its holdings in Gaming & Hospitality Acquisition by 77.4% in the third quarter. Citadel Advisors LLC now owns 1,145,377 shares of the company’s stock valued at $11,225,000 after acquiring an additional 499,553 shares in the last quarter. Marshall Wace LLP raised its holdings in Gaming & Hospitality Acquisition by 1.5% in the fourth quarter. Marshall Wace LLP now owns 871,996 shares of the company’s stock valued at $8,500,000 after acquiring an additional 13,014 shares in the last quarter. Glazer Capital LLC acquired a new stake in Gaming & Hospitality Acquisition in the fourth quarter valued at $6,266,000. Deutsche Bank AG raised its holdings in Gaming & Hospitality Acquisition by 14.2% in the fourth quarter. Deutsche Bank AG now owns 570,930 shares of the company’s stock valued at $5,549,000 after acquiring an additional 70,930 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Gaming & Hospitality Acquisition by 140.7% in the third quarter. Millennium Management LLC now owns 489,248 shares of the company’s stock valued at $4,795,000 after acquiring an additional 286,000 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

GHAC remained flat at $$9.78 during trading on Friday. 637 shares of the company’s stock traded hands, compared to its average volume of 13,861. Gaming & Hospitality Acquisition has a 12 month low of $9.62 and a 12 month high of $9.94. The stock’s 50-day moving average is $9.80 and its 200 day moving average is $9.77.

Gaming & Hospitality Acquisition Company Profile (Get Rating)

Gaming & Hospitality Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the gaming and hospitality sectors.

Further Reading

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