GigCapital2, Inc. (NASDAQ:GIX) Sees Significant Drop in Short Interest

GigCapital2, Inc. (NASDAQ:GIX) saw a large decline in short interest in 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 trading volume, of 18,701 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded GigCapital2 to a “hold” rating in a report on Saturday, April 11th.

GigCapital2 Stock Performance

GigCapital2 stock traded up $0.01 during midday trading on Friday, reaching $9.90. The company’s stock had a trading volume of 900 shares, compared to its average volume of 191,382. GigCapital2 has a fifty-two week low of $9.80 and a fifty-two week high of $9.90.

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.