Short Interest in Globalink Investment Inc. (NASDAQ:GLLI) Increases By 400.0%

Globalink Investment Inc. (NASDAQ:GLLI) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 400.0% from the March 31st total of 100 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Globalink Investment

A number of large investors have recently modified their holdings of GLLI. Periscope Capital Inc. raised its stake in shares of Globalink Investment by 52.7% during the 3rd quarter. Periscope Capital Inc. now owns 516,293 shares of the company’s stock worth $5,563,000 after buying an additional 178,263 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Globalink Investment by 131.1% during the 3rd quarter. Deutsche Bank AG now owns 79,306 shares of the company’s stock worth $855,000 after buying an additional 44,993 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of Globalink Investment by 11.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 446,085 shares of the company’s stock worth $4,807,000 after buying an additional 44,323 shares in the last quarter. Karpus Management Inc. raised its stake in shares of Globalink Investment by 42.7% during the 4th quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock worth $2,721,000 after buying an additional 75,125 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in shares of Globalink Investment during the 4th quarter worth approximately $1,111,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Globalink Investment Price Performance

GLLI remained flat at $11.07 on Friday. The company’s stock had a trading volume of 2,309 shares, compared to its average volume of 4,723. The firm has a market cap of $66.53 million, a PE ratio of -158.14 and a beta of 0.01. The stock’s 50-day moving average is $10.95 and its 200 day moving average is $10.88. Globalink Investment has a 12-month low of $10.35 and a 12-month high of $12.10.

Globalink Investment (NASDAQ:GLLI) last issued its earnings results on Monday, April 1st. The company reported ($0.08) earnings per share (EPS) for the quarter.

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.