Short Interest in GigaCloud Technology Inc. (NASDAQ:GIGGW) Expands By 330.8%

GigaCloud Technology Inc. (NASDAQ:GIGGW) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 12,256 shares, a growth of 330.8% from the April 15th total of 2,845 shares. Based on an average daily volume of 98,347 shares, the short-interest ratio is presently 0.1 days.

GigaCloud Technology Stock Up 12.5%

Shares of GigaCloud Technology stock traded up $0.04 on Friday, hitting $0.38. The company’s stock had a trading volume of 29,986 shares, compared to its average volume of 48,320. GigaCloud Technology has a 52-week low of $0.07 and a 52-week high of $1.98. The business has a fifty day moving average of $0.43.

GigaCloud Technology Inc is a publicly listed company that operates in the e-commerce and technology distribution sector. The company is principally involved in the online distribution and sales of consumer electronics and related products, with an emphasis on mobile devices, accessories and complementary hardware sold through digital channels.

GigaCloud’s activities center on connecting manufacturers, retailers and end customers through electronic marketplaces and distribution services.