Short Interest in TG Venture Acquisition Corp. (NASDAQ:TGVC) Grows By 28.1%

TG Venture Acquisition Corp. (NASDAQ:TGVCGet Rating) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 4,100 shares, an increase of 28.1% from the May 31st total of 3,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is currently 0.3 days.

A number of large investors have recently modified their holdings of the stock. Murchinson Ltd. purchased a new position in TG Venture Acquisition during the 4th quarter worth $196,000. Fifth Lane Capital LP purchased a new position in TG Venture Acquisition during the 4th quarter worth $242,000. Landscape Capital Management L.L.C. purchased a new position in TG Venture Acquisition during the 1st quarter worth $277,000. Basso Capital Management L.P. raised its position in TG Venture Acquisition by 13.9% during the 1st quarter. Basso Capital Management L.P. now owns 29,947 shares of the company’s stock worth $296,000 after buying an additional 3,666 shares during the last quarter. Finally, Lynwood Capital Management Inc. purchased a new position in TG Venture Acquisition during the 1st quarter worth $500,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Shares of NASDAQ:TGVC opened at $9.93 on Wednesday. The firm has a fifty day moving average price of $9.93 and a 200 day moving average price of $9.89. TG Venture Acquisition has a 1-year low of $9.78 and a 1-year high of $10.42.

TG Venture Acquisition Company Profile (Get Rating)

TG Venture Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology industries primarily within the space technology, financial technology, technology, media and telecom, and related sectors in the United States and other developed countries.

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