Global Star Acquisition, Inc. (NASDAQ:GLSTW) Sees Significant Increase in Short Interest

Global Star Acquisition, Inc. (NASDAQ:GLSTW) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 162,600 shares, an increase of 13.5% from the March 31st total of 143,200 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is presently 6.9 days.

Global Star Acquisition Price Performance

Shares of GLSTW stock remained flat at $0.02 on Monday. Global Star Acquisition has a 12 month low of $0.00 and a 12 month high of $0.04. The firm has a 50 day simple moving average of $0.02 and a 200-day simple moving average of $0.01.

About Global Star Acquisition

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.