GigCapital5, Inc. (NYSE:GIA) Sees Large Growth in Short Interest

GigCapital5, Inc. (NYSE:GIAGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 4,000 shares, an increase of 66.7% from the March 31st total of 2,400 shares. Based on an average daily trading volume, of 46,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Shares of NYSE GIA opened at $10.00 on Friday. The stock has a 50 day simple moving average of $9.97. GigCapital5 has a 12 month low of $9.80 and a 12 month high of $10.09.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. RPO LLC acquired a new stake in shares of GigCapital5 during the 4th quarter worth approximately $2,967,000. Karpus Management Inc. acquired a new stake in GigCapital5 in the 4th quarter valued at $495,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in GigCapital5 in the 4th quarter valued at $338,000. OTA Financial Group L.P. acquired a new stake in GigCapital5 in the 1st quarter valued at $260,000. Finally, Toroso Investments LLC acquired a new stake in GigCapital5 in the 4th quarter valued at $247,000. 8.25% of the stock is currently owned by institutional investors.

About GigCapital5 (Get Rating)

GigCapital5, Inc is a blank check company. The company was incorporated in 2021 and is based in Palo Alto, California.

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