GigCapital5, Inc. (NYSE:GIA – Get Rating) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 10,000 shares, a growth of 40.8% from the November 30th total of 7,100 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.
Hedge Funds Weigh In On GigCapital5
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPO LLC lifted its holdings in GigCapital5 by 2.1% during the 2nd quarter. RPO LLC now owns 306,949 shares of the company's stock worth $3,102,000 after buying an additional 6,241 shares in the last quarter. CSS LLC IL lifted its stake in GigCapital5 by 10.8% in the 2nd quarter. CSS LLC IL now owns 216,772 shares of the company's stock valued at $2,183,000 after purchasing an additional 21,067 shares during the last quarter. Fir Tree Capital Management LP acquired a new stake in GigCapital5 during the first quarter worth approximately $249,000. Goldman Sachs Group Inc. acquired a new stake in GigCapital5 during the first quarter worth approximately $416,000. Finally, Kohlberg Kravis Roberts & Co. L.P. lifted its position in GigCapital5 by 189.2% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 98,766 shares of the company's stock worth $984,000 after acquiring an additional 64,617 shares during the last quarter. 12.62% of the stock is currently owned by institutional investors.
Get GigCapital5 alerts:GigCapital5 Trading Down 0.0 %
GigCapital5 stock opened at $10.20 on Friday. The business's 50-day simple moving average is $10.17 and its 200-day simple moving average is $10.11. GigCapital5 has a 52 week low of $9.81 and a 52 week high of $10.34.
About GigCapital5
(Get Rating)GigCapital5, Inc is a blank check company. The company was incorporated in 2021 and is based in Palo Alto, California.
Further Reading
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