GigInternational1, Inc. (NASDAQ:GIW) Stock Short Interest Report for October

GigInternational1, Inc. (NASDAQ:GIW) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 332 shares, a decline of 68.1% from the October 15th total of 1,042 shares. Based on an average daily trading volume, of 25,290 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of GigInternational1

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sona Asset Management US LLC bought a new stake in GigInternational1 during the 1st quarter worth about $4,152,000. Rivernorth Capital Management LLC acquired a new position in GigInternational1 during the 1st quarter valued at about $5,977,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in GigInternational1 during the 1st quarter valued at about $2,990,000. Gabelli Funds LLC acquired a new position in GigInternational1 during the 1st quarter valued at about $2,545,000. Finally, First Trust Capital Management L.P. bought a new position in shares of GigInternational1 in the 3rd quarter valued at about $4,582,000. 14.01% of the stock is currently owned by institutional investors and hedge funds.

GigInternational1 Trading Up 0.1%

Shares of GIW stock traded up $0.01 on Friday, reaching $10.22. 551 shares of the stock were exchanged, compared to its average volume of 73,486. GigInternational1 has a one year low of $9.87 and a one year high of $10.22. The stock has a 50 day moving average price of $10.18 and a 200 day moving average price of $10.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of GigInternational1 in a report on Wednesday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, GigInternational1 currently has an average rating of “Sell”.

About GigInternational1

GigInternational1, Inc. (NASDAQ: GIW) was a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition, or similar business combination with an operating company. The company did not itself sell products or provide commercial services. It described its intended search focus as technology, media and telecommunications businesses, including areas such as automotive, aviation and energy. GigInternational1 was sponsored by GigCapital Global, and its activities centered on identifying and evaluating a potential business combination rather than operating across specific customer markets or geographies.