Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA – Get Rating) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 1,200 shares, a decrease of 7.7% from the August 31st total of 1,300 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of 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 in the 2nd quarter valued at $108,000. Cubist Systematic Strategies LLC acquired a new position in Genesis Growth Tech Acquisition in the 2nd quarter valued at $117,000. Karpus Management Inc. acquired a new position in Genesis Growth Tech Acquisition in the 1st quarter valued at $301,000. Goldman Sachs Group Inc. acquired a new position in Genesis Growth Tech Acquisition in the 1st quarter valued at $392,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Genesis Growth Tech Acquisition during the 1st quarter valued at $400,000.

Genesis Growth Tech Acquisition Stock Performance

NASDAQ GGAA traded down $0.01 on Tuesday, reaching $10.13. The stock had a trading volume of 200 shares, compared to its average volume of 23,526. The firm has a fifty day moving average of $10.09 and a two-hundred day moving average of $10.03. Genesis Growth Tech Acquisition has a 1-year low of $9.86 and a 1-year high of $10.50.

About Genesis Growth Tech Acquisition

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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