Marblegate Acquisition Corp. (NASDAQ:GATE) Short Interest Update

Marblegate Acquisition Corp. (NASDAQ:GATE) was the recipient of 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. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 5.2 days.

Marblegate Acquisition Trading Up 0.6 %

Marblegate Acquisition stock opened at $10.97 on Friday. Marblegate Acquisition has a 52-week low of $10.40 and a 52-week high of $12.30. The company’s 50 day moving average is $10.90 and its two-hundred day moving average is $10.99.

About Marblegate Acquisition

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.