Golden Star Acquisition Co. (NASDAQ:GODN) Sees Large Increase in Short Interest

Golden Star Acquisition Co. (NASDAQ:GODN) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,800 shares, a growth of 260.0% from the December 31st total of 500 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Golden Star Acquisition

A hedge fund recently bought a new stake in Golden Star Acquisition stock. Westchester Capital Management LLC purchased a new position in Golden Star Acquisition Co. (NASDAQ:GODN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,090,000. Westchester Capital Management LLC owned about 2.21% of Golden Star Acquisition as of its most recent filing with the Securities and Exchange Commission. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Golden Star Acquisition Stock Performance

GODN stock traded down $5.19 during trading on Thursday, hitting $3.34. The company had a trading volume of 852,221 shares, compared to its average volume of 23,028. Golden Star Acquisition has a one year low of $2.57 and a one year high of $17.49. The business has a 50-day moving average of $10.73 and a 200-day moving average of $10.89.

Golden Star Acquisition Company Profile

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