GigCapital7 Corp. (NASDAQ:GIG) Short Interest Update

GigCapital7 Corp. (NASDAQ:GIG) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 47,311 shares, a drop of 28.2% from the December 15th total of 65,866 shares. Based on an average daily volume of 71,303 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 71,303 shares, the short-interest ratio is currently 0.7 days.

GigCapital7 Price Performance

NASDAQ GIG traded up $0.02 during trading on Monday, hitting $10.57. 45,457 shares of the company’s stock traded hands, compared to its average volume of 99,496. The firm has a market cap of $352.30 million, a P/E ratio of 117.44 and a beta of 0.05. The stock has a fifty day moving average of $10.51 and a two-hundred day moving average of $10.53. GigCapital7 has a 12-month low of $10.02 and a 12-month high of $12.50.

GigCapital7 (NASDAQ:GIG) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GigCapital7 in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of GigCapital7

Large investors have recently added to or reduced their stakes in the business. Radcliffe Capital Management L.P. bought a new position in GigCapital7 in the second quarter worth approximately $163,000. Moore Capital Management LP purchased a new position in GigCapital7 during the third quarter valued at $528,000. Quarry LP bought a new position in shares of GigCapital7 during the 3rd quarter valued at approximately $598,000. Wealthspring Capital LLC purchased a new stake in GigCapital7 in the 2nd quarter worth approximately $832,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in GigCapital7 during the 2nd quarter worth approximately $5,270,000.

About GigCapital7

GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.

GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.