Short Interest in Target Global Acquisition I Corp. (NASDAQ:TGAA) Decreases By 24.2%

Target Global Acquisition I Corp. (NASDAQ:TGAA) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,500 shares, a decrease of 24.2% from the August 15th total of 3,300 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Target Global Acquisition I Price Performance

Shares of TGAA remained flat at $10.84 during trading on Friday. The business has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $10.59. Target Global Acquisition I has a 52 week low of $10.02 and a 52 week high of $11.28.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Spartan Fund Management Inc. lifted its holdings in Target Global Acquisition I by 76.7% in the 2nd quarter. Spartan Fund Management Inc. now owns 25,000 shares of the company’s stock worth $48,000 after purchasing an additional 10,855 shares during the last quarter. Cowen AND Company LLC acquired a new stake in Target Global Acquisition I in the 1st quarter valued at $186,000. Virtu Financial LLC acquired a new stake in Target Global Acquisition I in the 4th quarter valued at $202,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Target Global Acquisition I in the first quarter worth $248,000. Finally, UBS Group AG lifted its stake in shares of Target Global Acquisition I by 2,273.8% during the second quarter. UBS Group AG now owns 26,112 shares of the company’s stock valued at $259,000 after acquiring an additional 25,012 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

About Target Global Acquisition I

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.