Golden Star Acquisition Co. (NASDAQ:GODN) Sees Significant Growth in Short Interest

Golden Star Acquisition Co. (NASDAQ:GODN) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,800 shares, an increase 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 presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Golden Star Acquisition Stock Performance

Shares of NASDAQ GODN traded down $5.19 during mid-day trading on Tuesday, reaching $3.34. 852,221 shares of the company were exchanged, compared to its average volume of 23,028. Golden Star Acquisition has a 52 week low of $2.57 and a 52 week high of $17.49. The company’s 50 day moving average price is $10.88 and its 200 day moving average price is $10.94.

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

About Golden Star Acquisition

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.