GigCapital5, Inc. (NYSE:GIA) Sees Significant Drop in Short Interest

GigCapital5, Inc. (NYSE:GIA – Get Rating) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,300 shares, a decline of 42.5% from the April 15th total of 4,000 shares. Based on an average trading volume of 40,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Shares of GigCapital5 stock traded up $0.02 during trading on Friday, reaching $9.99. The company’s stock had a trading volume of 6,300 shares, compared to its average volume of 22,351. The stock has a 50-day moving average price of $9.98. GigCapital5 has a fifty-two week low of $9.80 and a fifty-two week high of $10.09.

A number of large investors have recently bought and sold shares of the stock. Toroso Investments LLC purchased a new position in GigCapital5 in the 4th quarter valued at $247,000. OTA Financial Group L.P. purchased a new position in GigCapital5 in the 1st quarter valued at $260,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in GigCapital5 in the 4th quarter valued at $338,000. Karpus Management Inc. purchased a new position in GigCapital5 in the 4th quarter valued at $495,000. Finally, RPO LLC purchased a new position in GigCapital5 in the 4th quarter valued at $2,967,000. Hedge funds and other institutional investors own 61.82% of the company’s stock.

GigCapital5 Company Profile (Get Rating)

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

See Also