TG Venture Acquisition Corp. (NASDAQ:TGVC – Get Rating) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,600 shares, an increase of 181.5% from the July 15th total of 2,700 shares. Approximately 0.1% of the company's stock are sold short. Based on an average trading volume of 24,800 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of TG Venture Acquisition by 1.7% in the 1st quarter. Royal Bank of Canada now owns 65,935 shares of the company's stock valued at $653,000 after acquiring an additional 1,076 shares during the last quarter. Basso Capital Management L.P. boosted its position in shares of TG Venture Acquisition by 13.9% in the 1st quarter. Basso Capital Management L.P. now owns 29,947 shares of the company's stock valued at $296,000 after purchasing an additional 3,666 shares during the period. Lynwood Capital Management Inc. boosted its position in shares of TG Venture Acquisition by 9.6% in the 2nd quarter. Lynwood Capital Management Inc. now owns 55,362 shares of the company's stock valued at $549,000 after purchasing an additional 4,870 shares during the period. Robinson Capital Management LLC acquired a new stake in shares of TG Venture Acquisition in the 2nd quarter valued at about $87,000. Finally, Murchinson Ltd. acquired a new stake in shares of TG Venture Acquisition in the 4th quarter valued at about $196,000. Hedge funds and other institutional investors own 52.44% of the company's stock.
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TGVC opened at $10.00 on Thursday. TG Venture Acquisition has a one year low of $9.78 and a one year high of $10.42. The business's 50-day simple moving average is $9.94 and its 200-day simple moving average is $9.91.
About TG Venture Acquisition
(Get Rating)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.
Further Reading
- Get a free copy of the StockNews.com research report on TG Venture Acquisition (TGVC)
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