GigCapital2, Inc. (NASDAQ:GIX) Short Interest Update

GigCapital2, Inc. (NASDAQ:GIX) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 3,763 shares, an increase of 73.7% from the May 31st total of 2,166 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,880 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

GigCapital2 Price Performance

Shares of GIX stock remained flat at $9.93 on Thursday. 303 shares of the stock traded hands, compared to its average volume of 131,561. GigCapital2 has a one year low of $9.80 and a one year high of $9.95. The business’s fifty day simple moving average is $9.91.

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.