GigInternational1, Inc. (NASDAQ:GIW – Get Free Report) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 948 shares, a decrease of 84.4% from the May 31st total of 6,082 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 11,744 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of GIW. Quarry LP purchased a new position in GigInternational1 in the fourth quarter worth $47,000. Geode Capital Management LLC acquired a new position in shares of GigInternational1 in the fourth quarter valued at approximately $193,000. Lineage Point Capital LP purchased a new stake in shares of GigInternational1 in the fourth quarter valued at $346,000. Stoic Point Capital Management LLC acquired a new position in shares of GigInternational1 during the 4th quarter valued at about $391,000. Finally, ABC Arbitrage SA purchased a new stake in GigInternational1 during the fourth quarter valued at about $396,000. 14.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
GigInternational1 Stock Down 0.1%
Shares of NASDAQ GIW traded down $0.01 during trading on Friday, hitting $10.07. 34,559 shares of the company were exchanged, compared to its average volume of 60,404. The company has a fifty day moving average price of $10.04 and a 200-day moving average price of $9.99. GigInternational1 has a 12-month low of $9.87 and a 12-month high of $10.10.
GigInternational1 (NASDAQ:GIW – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.
GigInternational1 Company Profile
GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.
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