GP Investments Acquisition Corp shares had a trading volume of 0 in the last trading session. Overall, volume was down 100.00% under the stocks normal daily volume.
Short traders are more bullish on shares of the company lately as evidenced by the downtick in short interest. The stock recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -7.68%. Short interest fell from 1,289 to 1,190 over that period. With short interest at 1,190 and short average daily volume at 3,392, the short-interest ratio is 0.0 and the percentage of shorted shares was 0.00% on September 29.
These firms have modified their investment in GPIA. Basso Capital Management, L.p. grew its investment by buying 7,216 shares an increase of 0.8% from 03/31/2017 to 06/30/2017. Basso Capital Management, L.p. claims 963,949 shares with a value of $9,649,000. The value of the position overall is up by 1.2%. As of quarter end Weiss Asset Management Lp had bought a total of 387,300 shares growing its stake by 32.4%. The value of the total investment in GP Investments Acquisition Corp went from $11,928,000 to $15,852,000 a change of 32.9% since the last quarter.
K2 Principal Fund, L.p. added to its position by buying 500 shares an increase of 0.2%. K2 Principal Fund, L.p. controls 299,200 shares valued at $2,995,000. The total value of its holdings increased 0.7%. Davidson Kempner Capital Management Lp cut its holdings by selling 200 shares a decrease of 0.0% in the quarter. Davidson Kempner Capital Management Lp currently owns 1,399,452 shares worth $13,981,000. The value of the position overall is up by 0.3%.
The company is now unchanged since yesterday’s close of $9.85. Shares last traded at $9.85 which is just a bit higher than the 50 day moving average which is $9.75 and which is marginally over the 200 day moving average of $9.75. The 50 day moving average went up by +1.07% and the 200 day average went up $0.10 or +1.07%.
GP Investments Acquisition Corp., launched on January 28, 2015, is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses..Advertisement