Target Global Acquisition I Corp. (NASDAQ:TGAA – Get Rating) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a decline of 34.9% from the October 15th total of 4,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 38,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Target Global Acquisition I during the third quarter worth $591,000. Spartan Fund Management Inc. acquired a new position in shares of Target Global Acquisition I in the third quarter valued at about $413,000. Verition Fund Management LLC bought a new position in Target Global Acquisition I during the second quarter worth about $2,230,000. Centiva Capital LP raised its stake in Target Global Acquisition I by 0.7% in the 2nd quarter. Centiva Capital LP now owns 302,135 shares of the company's stock worth $2,994,000 after purchasing an additional 2,135 shares in the last quarter. Finally, Aristeia Capital LLC boosted its holdings in Target Global Acquisition I by 10.5% in the 2nd quarter. Aristeia Capital LLC now owns 883,737 shares of the company's stock valued at $8,758,000 after purchasing an additional 83,739 shares during the period. 61.95% of the stock is owned by institutional investors and hedge funds.

Target Global Acquisition I Stock Performance

Shares of Target Global Acquisition I stock remained flat at $10.13 on Friday. The stock had a trading volume of 50,210 shares, compared to its average volume of 35,995. The company has a fifty day moving average price of $10.07 and a 200 day moving average price of $9.98. Target Global Acquisition I has a 52 week low of $9.73 and a 52 week high of $10.16.

About Target Global Acquisition I

Target Global Acquisition I Corp. does not have significant operations. It 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 on the consumer internet, mobility, and financial technology sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Target Global Acquisition I (TGAA)
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