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

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

GigaCloud Technology Stock Performance

Shares of GIGGW stock traded down $0.08 during mid-day trading on Thursday, hitting $0.34. 28,978 shares of the stock traded hands, compared to its average volume of 48,524. GigaCloud Technology has a twelve month low of $0.07 and a twelve month high of $1.98. The stock’s 50-day simple moving average is $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.