TG Venture Acquisition Corp. (NASDAQ:TGVC – Get Rating) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a decrease of 29.2% from the February 28th total of 2,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 23,600 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On TG Venture Acquisition
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glazer Capital LLC acquired a new stake in shares of TG Venture Acquisition in the 3rd quarter worth approximately $25,000. Robinson Capital Management LLC grew its holdings in shares of TG Venture Acquisition by 14.7% in the 3rd quarter. Robinson Capital Management LLC now owns 10,080 shares of the company's stock worth $100,000 after acquiring an additional 1,290 shares during the period. Toroso Investments LLC acquired a new stake in shares of TG Venture Acquisition in the 3rd quarter worth approximately $101,000. Flow Traders U.S. LLC acquired a new stake in TG Venture Acquisition during the 3rd quarter valued at $127,000. Finally, Centiva Capital LP acquired a new stake in TG Venture Acquisition during the 2nd quarter valued at $232,000. Institutional investors and hedge funds own 73.12% of the company's stock.
Get TG Venture Acquisition alerts:TG Venture Acquisition Stock Performance
NASDAQ TGVC traded down $0.02 on Wednesday, hitting $10.34. 7,876 shares of the company's stock were exchanged, compared to its average volume of 36,316. The firm's 50-day moving average price is $10.30 and its two-hundred day moving average price is $10.15. TG Venture Acquisition has a fifty-two week low of $9.89 and a fifty-two week high of $10.42.
About TG Venture Acquisition
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TG Venture Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology industries primarily within the space technology, financial technology, technology, media and telecom, and related sectors in the United States and other developed countries.
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