Generation Asia I Acquisition Limited (NYSE:GAQ) Short Interest Update

Generation Asia I Acquisition Limited (NYSE:GAQ) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 10,000 shares, a decrease of 8.3% from the August 15th total of 10,900 shares. Based on an average daily trading volume, of 75,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Generation Asia I Acquisition Stock Performance

Shares of NYSE:GAQ remained flat at $10.67 on Tuesday. 1,330 shares of the stock were exchanged, compared to its average volume of 2,324. The business has a 50-day moving average price of $10.60 and a 200-day moving average price of $10.48. Generation Asia I Acquisition has a 1-year low of $9.81 and a 1-year high of $11.20.

Hedge Funds Weigh In On Generation Asia I Acquisition

A number of hedge funds have recently made changes to their positions in the business. First Trust Capital Management L.P. bought a new stake in Generation Asia I Acquisition in the 4th quarter valued at about $132,000. Two Sigma Securities LLC bought a new stake in shares of Generation Asia I Acquisition in the 1st quarter worth about $121,000. Sea Otter Advisors LLC acquired a new stake in Generation Asia I Acquisition in the 4th quarter valued at about $101,000. Quarry LP bought a new position in shares of Generation Asia I Acquisition in the 2nd quarter valued at about $2,716,000. Finally, K2 Principal Fund L.P. bought a new position in Generation Asia I Acquisition during the 2nd quarter worth approximately $1,059,000. Hedge funds and other institutional investors own 66.94% of the company’s stock.

Generation Asia I Acquisition Company Profile

Generation Asia I Acquisition Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.