GigInternational1, Inc. (NASDAQ:GIW) Short Interest Update

GigInternational1, Inc. (NASDAQ:GIWGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 1,300 shares, a drop of 53.6% from the April 15th total of 2,800 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 15,900 shares, the short-interest ratio is presently 0.1 days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new position in GigInternational1 in the third quarter valued at $17,893,000. Polar Asset Management Partners Inc. purchased a new position in GigInternational1 in the third quarter valued at $12,091,000. Hsbc Holdings PLC purchased a new position in GigInternational1 in the third quarter valued at $10,660,000. Marshall Wace LLP purchased a new position in GigInternational1 in the third quarter valued at $10,317,000. Finally, Periscope Capital Inc. purchased a new position in GigInternational1 in the third quarter valued at $9,853,000. Institutional investors and hedge funds own 62.01% of the company’s stock.

Shares of NASDAQ GIW remained flat at $$10.01 during mid-day trading on Friday. The stock had a trading volume of 100 shares, compared to its average volume of 14,716. GigInternational1 has a twelve month low of $9.61 and a twelve month high of $10.10. The business’s fifty day moving average price is $10.00 and its 200-day moving average price is $9.95.

GigInternational1 Company Profile (Get Rating)

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries.

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