Target Global Acquisition I Corp. (NASDAQ:TGAA – Get Rating) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 7,800 shares, an increase of 62.5% from the November 30th total of 4,800 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 46,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Target Global Acquisition I

A number of large investors have recently made changes to their positions in the company. Weiss Asset Management LP lifted its stake in Target Global Acquisition I by 5.3% in the third quarter. Weiss Asset Management LP now owns 131,608 shares of the company's stock worth $1,322,000 after acquiring an additional 6,608 shares during the last quarter. Karpus Management Inc. grew its stake in shares of Target Global Acquisition I by 20.5% during the third quarter. Karpus Management Inc. now owns 66,475 shares of the company's stock worth $666,000 after purchasing an additional 11,300 shares in the last quarter. Cantor Fitzgerald L. P. purchased a new position in Target Global Acquisition I in the third quarter valued at $501,000. Shaolin Capital Management LLC raised its stake in Target Global Acquisition I by 30.5% in the third quarter. Shaolin Capital Management LLC now owns 936,795 shares of the company's stock valued at $9,387,000 after buying an additional 219,216 shares in the last quarter. Finally, Aristeia Capital LLC lifted its holdings in Target Global Acquisition I by 27.2% during the 3rd quarter. Aristeia Capital LLC now owns 1,124,037 shares of the company's stock worth $11,263,000 after buying an additional 240,300 shares during the last quarter. 73.83% of the stock is currently owned by hedge funds and other institutional investors.

Target Global Acquisition I Price Performance

TGAA stock remained flat at $10.24 during mid-day trading on Friday. The company's stock had a trading volume of 6,530 shares, compared to its average volume of 66,109. The company has a fifty day moving average of $10.17 and a two-hundred day moving average of $10.05. Target Global Acquisition I has a 52 week low of $9.73 and a 52 week high of $10.25.

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.

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