Tiga Acquisition Corp. (NYSE:TINV) Short Interest Down 27.3% in April

Tiga Acquisition Corp. (NYSE:TINVGet Rating) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 14,400 shares, a decrease of 27.3% from the April 15th total of 19,800 shares. Based on an average daily volume of 54,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Shares of NYSE:TINV opened at $10.23 on Friday. Tiga Acquisition has a 1 year low of $9.95 and a 1 year high of $10.30. The firm has a fifty day moving average price of $10.24 and a 200 day moving average price of $10.19.

Hedge funds have recently added to or reduced their stakes in the business. Westchester Capital Management LLC bought a new stake in Tiga Acquisition during the third quarter valued at about $575,000. Wolverine Asset Management LLC bought a new stake in Tiga Acquisition during the third quarter valued at about $100,000. Periscope Capital Inc. boosted its holdings in Tiga Acquisition by 16.5% during the third quarter. Periscope Capital Inc. now owns 140,142 shares of the company’s stock valued at $1,420,000 after acquiring an additional 19,842 shares during the period. Cohanzick Management LLC bought a new stake in Tiga Acquisition during the first quarter valued at about $222,000. Finally, Karpus Management Inc. boosted its holdings in Tiga Acquisition by 22.0% during the first quarter. Karpus Management Inc. now owns 872,610 shares of the company’s stock valued at $8,944,000 after acquiring an additional 157,479 shares during the period. Institutional investors own 67.88% of the company’s stock.

About Tiga Acquisition (Get Rating)

Tiga Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is headquartered in Singapore.

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