Marblegate Acquisition Corp. (GATE) Plunges 12% Amid Surge in Short Interest

On March 28, 2025, Marblegate Acquisition Corp. (GATE) experienced a significant drop of 12% in pre-market trading, indicating a notable shift in investor sentiment.

Marblegate Acquisition Corp. (GATE) has seen a surge in short interest, increasing by 72.2% in February. This rise in short interest suggests that investors are becoming more bearish on the stock, potentially leading to increased selling pressure and downward price movement.

Additionally, the company's deal with DePalma has been approved, with $3.5 million in redemptions. This development could impact the stock's performance as investors reassess the company's financial health and future prospects.