Generation Asia I Acquisition Limited (NYSE:GAQ – Get Rating) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a decrease of 15.4% from the August 15th total of 1,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Generation Asia I Acquisition

A number of large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in Generation Asia I Acquisition during the 2nd quarter worth $481,000. Aristeia Capital LLC purchased a new position in Generation Asia I Acquisition during the 2nd quarter worth $2,428,000. Karpus Management Inc. purchased a new position in Generation Asia I Acquisition during the 2nd quarter worth $3,669,000. Finally, JPMorgan Chase & Co. purchased a new position in Generation Asia I Acquisition during the 2nd quarter worth $4,165,000. Hedge funds and other institutional investors own 45.28% of the company's stock.

Generation Asia I Acquisition Price Performance

NYSE:GAQ traded up $0.04 during trading hours on Tuesday, reaching $9.96. 2,920 shares of the company's stock were exchanged, compared to its average volume of 24,683. Generation Asia I Acquisition has a 1-year low of $9.66 and a 1-year high of $10.44. The firm's 50-day moving average is $9.86.

Generation Asia I Acquisition Company Profile

Generation Asia I Acquisition Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

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