Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,300 shares, a decrease of 93.9% from the August 15th total of 21,200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 30,600 shares, the short-interest ratio is presently 0.0 days.

Genesis Growth Tech Acquisition Price Performance

GGAA remained flat at $10.10 on Wednesday. The firm has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.02. Genesis Growth Tech Acquisition has a 12 month low of $9.86 and a 12 month high of $10.50.

Institutional Trading of Genesis Growth Tech Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in GGAA. State Street Corp acquired a new position in Genesis Growth Tech Acquisition during the 2nd quarter worth approximately $108,000. Cubist Systematic Strategies LLC acquired a new position in Genesis Growth Tech Acquisition during the 2nd quarter worth approximately $117,000. Karpus Management Inc. acquired a new position in Genesis Growth Tech Acquisition during the 1st quarter worth approximately $301,000. Goldman Sachs Group Inc. acquired a new position in Genesis Growth Tech Acquisition during the 1st quarter worth approximately $392,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Genesis Growth Tech Acquisition during the 1st quarter worth approximately $400,000.

Genesis Growth Tech Acquisition Company Profile

Genesis Growth Tech Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its efforts on identifying technology companies operating primarily within the consumer internet industry in Europe, Israel, the United Arab Emirates, or the United States.

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