Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC) Short Interest Down 15.4% in May

Gaming & Hospitality Acquisition Corp. (NASDAQ:GHAC – Get Rating) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 2,200 shares, a decrease of 15.4% from the May 15th total of 2,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 0.1 days.

A number of large investors have recently modified their holdings of the business. Sculptor Capital LP grew its position in Gaming & Hospitality Acquisition by 30.6% in the first quarter. Sculptor Capital LP now owns 458,698 shares of the company’s stock valued at $4,482,000 after acquiring an additional 107,398 shares in the last quarter. Nomura Holdings Inc. boosted its stake in shares of Gaming & Hospitality Acquisition by 5.3% during the 1st quarter. Nomura Holdings Inc. now owns 790,107 shares of the company’s stock valued at $7,718,000 after buying an additional 40,102 shares during the last quarter. Saba Capital Management L.P. boosted its stake in shares of Gaming & Hospitality Acquisition by 0.3% during the 1st quarter. Saba Capital Management L.P. now owns 701,790 shares of the company’s stock valued at $6,871,000 after buying an additional 1,988 shares during the last quarter. Berkley W R Corp purchased a new position in shares of Gaming & Hospitality Acquisition during the 1st quarter valued at approximately $323,000. Finally, Apollo Management Holdings L.P. purchased a new position in shares of Gaming & Hospitality Acquisition during the 1st quarter valued at approximately $3,420,000. 62.92% of the stock is owned by institutional investors.

GHAC traded down $0.01 on Friday, reaching $9.79. 709 shares of the company’s stock were exchanged, compared to its average volume of 36,693. The company’s 50 day moving average is $9.80 and its 200-day moving average is $9.77. Gaming & Hospitality Acquisition has a twelve month low of $9.62 and a twelve month high of $9.86.

About Gaming & Hospitality Acquisition (Get Rating)

Gaming & Hospitality Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the gaming and hospitality sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Gaming & Hospitality Acquisition (GHAC)
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