Globalink Investment (NASDAQ:GLLI) Trading 8.5% Higher – What’s Next?

Posted by ABMN Staff on Dec 31st, 2024

Globalink Investment Inc. (NASDAQ:GLLI – Get Free Report) shares shot up 8.5% during mid-day trading on Monday . The company traded as high as $11.77 and last traded at $11.77. 800 shares changed hands during trading, a decline of 91% from the average session volume of 8,748 shares. The stock had previously closed at $10.85.

Globalink Investment Stock Performance

The firm has a market cap of $70.71 million, a P/E ratio of -51.17 and a beta of 0.01. The firm has a 50 day simple moving average of $11.36 and a 200 day simple moving average of $11.31.

Hedge Funds Weigh In On Globalink Investment

A number of large investors have recently modified their holdings of the company. Clear Street LLC increased its holdings in Globalink Investment by 2,250.8% during the 2nd quarter. Clear Street LLC now owns 19,982 shares of the company’s stock worth $227,000 after acquiring an additional 19,132 shares during the period. K2 Principal Fund L.P. bought a new position in shares of Globalink Investment in the third quarter worth $1,134,000. Cowen AND Company LLC raised its position in shares of Globalink Investment by 85.0% in the second quarter. Cowen AND Company LLC now owns 126,746 shares of the company’s stock worth $1,439,000 after buying an additional 58,229 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Globalink Investment by 1.1% during the second quarter. Wolverine Asset Management LLC now owns 222,619 shares of the company’s stock valued at $2,524,000 after buying an additional 2,494 shares during the period. 27.90% of the stock is currently owned by institutional investors.

About Globalink Investment

(Get Free Report)

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 businesses in the medical technology and green energy sectors in North America, Europe, Southeast Asia, and Asia excluding China, Hong Kong, and Macau.