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

Institutional Trading of Generation Asia I Acquisition

A number of hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in Generation Asia I Acquisition in the 2nd quarter worth about $481,000. Aristeia Capital LLC bought a new position in Generation Asia I Acquisition in the 2nd quarter worth about $2,428,000. Karpus Management Inc. bought a new position in Generation Asia I Acquisition in the 2nd quarter worth about $3,669,000. Finally, JPMorgan Chase & Co. bought a new position in Generation Asia I Acquisition in the 2nd quarter worth about $4,165,000. Institutional investors own 45.28% of the company's stock.

Generation Asia I Acquisition Trading Up 0.4 %

Shares of GAQ stock traded up $0.04 during mid-day trading on Monday, reaching $9.96. 2,920 shares of the company's stock traded hands, compared to its average volume of 95,477. Generation Asia I Acquisition has a 12 month low of $9.66 and a 12 month high of $10.44. The firm's 50-day simple moving average is $9.86.

About Generation Asia I Acquisition

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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