GigCapital5 (NYSE:GIA) Trading 10.8% Higher

GigCapital5, Inc. (NYSE:GIA)’s stock price traded up 10.8% during mid-day trading on Friday . The stock traded as high as $0.83 and last traded at $0.83. 160,818 shares traded hands during mid-day trading, an increase of 361% from the average session volume of 34,911 shares. The stock had previously closed at $0.75.

GigCapital5 Price Performance

The company’s 50-day simple moving average is $4.20 and its 200-day simple moving average is $8.58.

Hedge Funds Weigh In On GigCapital5

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cable Car Capital LLC purchased a new position in shares of GigCapital5 during the 4th quarter valued at approximately $4,396,000. Robinson Capital Management LLC purchased a new position in shares of GigCapital5 during the 4th quarter valued at approximately $55,000. Meteora Capital LLC purchased a new position in shares of GigCapital5 during the 3rd quarter valued at approximately $5,013,000. Shaolin Capital Management LLC boosted its stake in shares of GigCapital5 by 12.7% during the 1st quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock valued at $4,216,000 after buying an additional 45,100 shares during the last quarter. Finally, Glazer Capital LLC purchased a new position in shares of GigCapital5 during the 1st quarter valued at approximately $777,000. 27.31% of the stock is currently owned by hedge funds and other institutional investors.

GigCapital5 Company Profile