GigCapital2, Inc. (NASDAQ:GIX – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,569 shares, a decline of 47.1% from the April 15th total of 4,855 shares. Based on an average daily volume of 18,701 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
GigCapital2 Trading Up 0.1%
NASDAQ:GIX traded up $0.01 during midday trading on Friday, reaching $9.90. 900 shares of the stock traded hands, 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of GigCapital2 to a “hold” rating in a research report on Saturday, April 11th.
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.
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