Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA – Get Rating) was the target of a significant decrease in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 30,600 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Genesis Growth Tech Acquisition

A number of institutional investors have recently added to or reduced their stakes in GGAA. Millennium Management LLC lifted its holdings in Genesis Growth Tech Acquisition by 70.7% in the 2nd quarter. Millennium Management LLC now owns 1,473,600 shares of the company's stock valued at $14,780,000 after acquiring an additional 610,330 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Genesis Growth Tech Acquisition in the 1st quarter worth $12,948,000. Saba Capital Management L.P. acquired a new position in shares of Genesis Growth Tech Acquisition in the 1st quarter worth $12,705,000. Apollo Management Holdings L.P. purchased a new stake in Genesis Growth Tech Acquisition during the first quarter valued at about $9,075,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Genesis Growth Tech Acquisition in the first quarter worth about $7,818,000.

Genesis Growth Tech Acquisition Stock Performance

GGAA traded down $0.00 on Tuesday, reaching $10.10. The company had a trading volume of 10,300 shares, compared to its average volume of 16,068. The company has a fifty day moving average of $10.07 and a 200-day moving average of $10.02. Genesis Growth Tech Acquisition has a one year low of $9.86 and a one year high of $10.50.

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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