GigCapital2, Inc. (NASDAQ:GIX) Short Interest Update

by · The Cerbat Gem

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

GigCapital2 Stock Up 0.1%

GIX stock traded up $0.01 during mid-day trading on Monday, hitting $9.90. The company had a trading volume of 7,701 shares, compared to its average volume of 186,134. GigCapital2 has a 12 month low of $9.80 and a 12 month high of $9.90.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on GigCapital2

About GigCapital2

(Get Free Report)

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.

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