Gigcapital8 Corp. (NASDAQ:GIWWR) Short Interest Update

Gigcapital8 Corp. (NASDAQ:GIWWR) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 12,373 shares, a growth of 82.1% from the July 30th total of 6,794 shares. Based on an average trading volume of 6,674 shares, the short-interest ratio is currently 1.9 days.

Gigcapital8 Stock Down 7.7%

Gigcapital8 stock traded down $0.02 during trading hours on Monday, hitting $0.25. 4,153 shares of the stock traded hands, compared to its average volume of 31,384. The firm’s 50 day moving average price is $0.28 and its 200-day moving average price is $0.30. Gigcapital8 has a 1 year low of $0.21 and a 1 year high of $0.45.

About Gigcapital8

GigCapital8 (NASDAQ: GIWWR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition or other business combination with one or more businesses. As a blank‑check vehicle, GigCapital8 does not operate an ongoing commercial business prior to completing a qualifying business combination; its principal activity is identifying and negotiating a combination with a target company that will permit the combined entity to become publicly listed.

Like other SPACs, GigCapital8 holds the proceeds of its offering in a trust account invested in cash and cash equivalents or short‑term government instruments until a business combination is completed or the trust is liquidated.