TCGX Acquisition Corp. (NASDAQ:TCGX – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 10,169 shares, a drop of 70.1% from the August 15th total of 34,002 shares. Based on an average daily volume of 143,852 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
TCGX Acquisition Stock Down 0.7%
Shares of NASDAQ TCGX traded down $0.09 during mid-day trading on Monday, reaching $13.35. The company’s stock had a trading volume of 23,866 shares, compared to its average volume of 100,440. TCGX Acquisition has a 52 week low of $10.30 and a 52 week high of $18.91.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised TCGX Acquisition to a “hold” rating in a report on Saturday, August 15th.
About TCGX Acquisition
TCGX Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. TCGX Acquisition Corp. is based in PALO ALTO, Calif.
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