Golden Star Acquisition Co. (NASDAQ:GODN) Sees Significant Drop in Short Interest

Golden Star Acquisition Co. (NASDAQ:GODN) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 900 shares, a drop of 10.0% from the August 15th total of 1,000 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Golden Star Acquisition

A number of institutional investors have recently bought and sold shares of the company. K2 Principal Fund L.P. raised its stake in Golden Star Acquisition by 7.2% during the second quarter. K2 Principal Fund L.P. now owns 106,740 shares of the company’s stock worth $1,151,000 after purchasing an additional 7,195 shares during the period. Clear Street LLC lifted its stake in Golden Star Acquisition by 4,920.7% in the second quarter. Clear Street LLC now owns 73,453 shares of the company’s stock worth $794,000 after acquiring an additional 71,990 shares during the last quarter. Walleye Trading LLC purchased a new position in Golden Star Acquisition in the first quarter worth approximately $479,000. Virtu Financial LLC lifted its position in shares of Golden Star Acquisition by 33.8% during the 4th quarter. Virtu Financial LLC now owns 44,644 shares of the company’s stock worth $465,000 after buying an additional 11,284 shares during the last quarter. Finally, Glazer Capital LLC lifted its position in shares of Golden Star Acquisition by 6.6% during the 4th quarter. Glazer Capital LLC now owns 632,835 shares of the company’s stock worth $6,594,000 after buying an additional 38,922 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Golden Star Acquisition Stock Performance

Shares of NASDAQ:GODN remained flat at $10.89 during midday trading on Wednesday. 1 shares of the stock traded hands, compared to its average volume of 47,680. The business’s 50-day moving average is $10.88 and its 200 day moving average is $10.78. Golden Star Acquisition has a 12-month low of $8.80 and a 12-month high of $11.21.

Golden Star Acquisition Company Profile

Golden Star Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.