Globalink Investment Inc. (NASDAQ:GLLI) Short Interest Down 50.0% in March

Globalink Investment Inc. (NASDAQ:GLLI - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the March 15th total of 200 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 0.0 days.

Globalink Investment Stock Down 0.1 %

NASDAQ GLLI traded down $0.01 on Thursday, hitting $11.00. The company's stock had a trading volume of 635 shares, compared to its average volume of 13,115. Globalink Investment has a 1-year low of $10.35 and a 1-year high of $11.80. The company's 50-day moving average is $10.90 and its 200 day moving average is $10.86. The firm has a market cap of $66.09 million, a PE ratio of -157.14 and a beta of 0.01.

Hedge Funds Weigh In On Globalink Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLLI. Westchester Capital Management LLC acquired a new position in Globalink Investment in the 4th quarter valued at approximately $3,151,000. Rivernorth Capital Management LLC bought a new stake in shares of Globalink Investment in the 1st quarter valued at $2,111,000. Periscope Capital Inc. boosted its stake in shares of Globalink Investment by 52.7% in the 3rd quarter. Periscope Capital Inc. now owns 516,293 shares of the company's stock valued at $5,563,000 after purchasing an additional 178,263 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Globalink Investment by 1,322.4% in the 3rd quarter. Jane Street Group LLC now owns 180,213 shares of the company's stock valued at $1,795,000 after purchasing an additional 167,543 shares during the last quarter. Finally, Glazer Capital LLC boosted its stake in shares of Globalink Investment by 14,626.6% in the 1st quarter. Glazer Capital LLC now owns 147,266 shares of the company's stock valued at $1,458,000 after purchasing an additional 146,266 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

About Globalink Investment

Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire business in the technology industry within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.

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