Global Partner Acquisition Corp shares had a trading volume of 1,259 in the last trading session. Trading volume was down 95.56% under the stocks average daily volume.
Traders are a little more bearish on shares of Global Partner Acquisition Corp of late considering the rise in short interest. The firm saw a rise in short interest of 3.46% as of October 13, 2017 from the last reporting period. Short shares increased from 7,695 to 7,961 over that timeframe. With short interest at 7,961 and short average daily volume at 5,622, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (GPAC). Vertex One Asset Management Inc. divested its ownership by shedding 220,400 shares a decrease of 49.0% in the quarter. Vertex One Asset Management Inc. claims 229,600 shares worth $2,287,000. The total value of its holdings decreased 49.2%. Basso Capital Management, L.p. grew its position by buying 115,019 shares an increase of 34.9%. Basso Capital Management, L.p. owns 444,156 shares with a value of $4,419,000. The value of the position overall is up by 34.3%.
As of the end of the quarter Polar Asset Management Partners Inc. had bought 125,000 shares growing its position 12.9%. The value of the investment in (GPAC) increased from $9,714,000 to $10,910,000 increasing 12.3% quarter to quarter. As of quarter end Mizuho Securities Usa Inc. had disposed of a total of 34,519 shares trimming its stake by 24.9%. The value of the total investment in Global Partner Acquisition Corp went from $1,382,000 to $1,047,000 a change of 24.2% quarter over quarter.
The company is now down since yesterday’s close of $10.01. The stock last traded at $10.01 a bit higher than the 50 day moving average of $9.99 and which is marginally higher than the 200 day moving average of $9.99. The 50 day moving average was up $0.02 whereas the 200 day average was up by +0.21%.
Global Partner Acquisition Corp., launched on May 19, 2015, is a shell company. The Company was 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..