Short Interest in GigCapital2, Inc. (NASDAQ:GIX) Declines By 47.1%

GigCapital2, Inc. (NASDAQ:GIX) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,569 shares, a decrease of 47.1% from the April 15th total of 4,855 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,701 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of GigCapital2 to a “hold” rating in a research report on Saturday, April 11th.

GigCapital2 Stock Up 0.1%

Shares of NASDAQ:GIX traded up $0.01 during midday trading on Friday, reaching $9.90. The company’s stock had a trading volume of 900 shares, compared to its average volume of 191,382. GigCapital2 has a 12-month low of $9.80 and a 12-month high of $9.90.

GigCapital2 Company Profile

GigCapital2, Inc is a blank check company. It intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is headquartered in Palo Alto, California.