Galata Acquisition Corp. II (NASDAQ:LATAW) Short Interest Update

by · The Markets Daily

Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,813 shares, a growth of 450.2% from the August 15th total of 693 shares. Based on an average trading volume of 1,346 shares, the short-interest ratio is currently 2.8 days.

Galata Acquisition Corp. II Stock Performance

Shares of Galata Acquisition Corp. II stock remained flat at $0.23 on Friday. Galata Acquisition Corp. II has a 12-month low of $0.20 and a 12-month high of $0.50. The stock’s 50 day moving average price is $0.28 and its two-hundred day moving average price is $0.32.

Galata Acquisition Corp. II Company Profile

(Get Free Report)

Galata Acquisition Corp. II (NASDAQ: LATAW) is a publicly listed special purpose acquisition company (SPAC). As a blank‑check vehicle, the company’s primary purpose is to identify, negotiate and complete a business combination with one or more operating businesses. Galata Acquisition Corp. II is listed on the NASDAQ and, like other SPACs, operates as an acquisition platform rather than as an operating company that manufactures products or delivers ongoing services.

The company’s activities typically include sourcing potential target companies, performing due diligence, structuring a business combination and obtaining shareholder approval for a proposed transaction.

See Also