GigInternational1, Inc. (NASDAQ:GIW) sees sharp rise in short-term interest

GigInternational1, Inc. (NASDAQ: GIW – Get Rating) was the target of a significant increase in short-term interest in April. As of April 15, there were short interests totaling 2,800 shares, an increase of 211.1% from the March 31 total of 900 shares. Based on an average trading volume of 12,000 shares, the short-term interest rate ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

A number of large investors have recently increased or reduced their stakes in GIW. Basso Capital Management LP bought a new stake in GigInternational1 in the third quarter at a value of $1,952,000. Goldman Sachs Group Inc. purchased a new stake in shares of GigInternational1 during Q3 for $2,951,000. Magnetar Financial LLC purchased a new stake in shares of GigInternational1 during Q3 for $100,000. Bulldog Investors LLP purchased a new stake in shares of GigInternational1 during Q3 for $1,969,000. Finally, Crestline Management LP purchased a new equity stake in GigInternational1 during Q3 for $181,000. Institutional investors and hedge funds hold 59.46% of the company’s shares.

NASDAQ:GIW opened at $10.02 on Thursday. The company’s fifty-day simple moving average is $9.99 and its 200-day simple moving average is $9.94. GigInternational1 has a 12-month low of $9.61 and a 12-month high of $10.10.

GigInternational1 Company Profile (Get a rating)

GigInternational1, Inc., a blank check corporation, intends to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or business combination related to one or more companies. The company was incorporated in 2021 and is based in Palo Alto, California.

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