Target Global Acquisition I Corp. (NASDAQ:TGAA) Sees Significant Increase in Short Interest

Target Global Acquisition I Corp. (NASDAQ:TGAA) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,600 shares, a growth of 420.0% from the March 31st total of 500 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Target Global Acquisition I

Hedge funds have recently added to or reduced their stakes in the stock. Periscope Capital Inc. lifted its holdings in shares of Target Global Acquisition I by 1.3% during the third quarter. Periscope Capital Inc. now owns 151,911 shares of the company’s stock valued at $1,648,000 after purchasing an additional 1,911 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Target Global Acquisition I by 12.4% during the third quarter. Mizuho Securities USA LLC now owns 288,271 shares of the company’s stock valued at $3,099,000 after purchasing an additional 31,728 shares in the last quarter. Radcliffe Capital Management L.P. lifted its holdings in shares of Target Global Acquisition I by 13.6% during the third quarter. Radcliffe Capital Management L.P. now owns 32,398 shares of the company’s stock valued at $352,000 after purchasing an additional 3,868 shares in the last quarter. Shaolin Capital Management LLC lifted its holdings in shares of Target Global Acquisition I by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 299,885 shares of the company’s stock valued at $3,254,000 after purchasing an additional 599,885 shares in the last quarter. Finally, BCK Capital Management LP bought a new position in shares of Target Global Acquisition I during the fourth quarter valued at $615,000. 92.13% of the stock is owned by institutional investors.

Target Global Acquisition I Stock Performance

Target Global Acquisition I stock remained flat at $11.20 during mid-day trading on Friday. The company’s stock had a trading volume of 6 shares, compared to its average volume of 7,228. The business has a 50 day simple moving average of $11.15 and a 200 day simple moving average of $11.07. Target Global Acquisition I has a twelve month low of $10.45 and a twelve month high of $12.19.

Target Global Acquisition I Company Profile

Target Global Acquisition I Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on the consumer internet, mobility, and financial technology sectors.