Generation Asia I Acquisition Limited (NYSE:GAQ – Get Rating) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,200 shares, a decline of 73.3% from the September 30th total of 4,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 23,600 shares, the short-interest ratio is currently 0.1 days.

Generation Asia I Acquisition Price Performance

Shares of Generation Asia I Acquisition stock remained flat at $9.92 during trading on Wednesday. The stock's 50 day moving average price is $9.90 and its two-hundred day moving average price is $9.84. Generation Asia I Acquisition has a one year low of $9.66 and a one year high of $10.44.

Institutional Investors Weigh In On Generation Asia I Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Generation Asia I Acquisition during the 2nd quarter valued at approximately $481,000. Aristeia Capital LLC acquired a new stake in shares of Generation Asia I Acquisition in the 2nd quarter worth approximately $2,428,000. Karpus Management Inc. purchased a new position in Generation Asia I Acquisition in the 2nd quarter valued at approximately $3,669,000. Finally, JPMorgan Chase & Co. acquired a new position in Generation Asia I Acquisition during the second quarter worth $4,165,000. Institutional investors and hedge funds own 45.28% of the company's stock.

Generation Asia I Acquisition Company Profile

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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