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The Growth for Good Acquisition Co. (NASDAQ:GFGD) Sees Significant Growth in Short Interest

The Growth for Good Acquisition Co. (NASDAQ:GFGDGet Rating) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 5,700 shares, a growth of 90.0% from the August 31st total of 3,000 shares. Based on an average daily volume of 84,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Growth for Good Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in GFGD. Lynwood Capital Management Inc. purchased a new stake in shares of Growth for Good Acquisition in the first quarter valued at about $1,069,000. Context Capital Management LLC purchased a new stake in shares of Growth for Good Acquisition in the first quarter valued at about $2,916,000. Karpus Management Inc. purchased a new stake in shares of Growth for Good Acquisition in the first quarter valued at about $486,000. Highbridge Capital Management LLC purchased a new stake in shares of Growth for Good Acquisition in the first quarter valued at about $3,763,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Growth for Good Acquisition in the first quarter valued at about $2,430,000.

Growth for Good Acquisition Price Performance

Shares of NASDAQ:GFGD opened at $9.86 on Thursday. The firm’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.75. Growth for Good Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $10.30.

Growth for Good Acquisition Company Profile

(Get Rating)

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

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