Generation Asia I Acquisition Limited (NYSE:GAQ) Sees Large Decline in Short Interest

Generation Asia I Acquisition Limited (NYSE:GAQ) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 80.0% from the February 29th total of 500 shares. Based on an average trading volume of 29,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Generation Asia I Acquisition

A number of large investors have recently made changes to their positions in GAQ. Spartan Fund Management Inc. purchased a new stake in shares of Generation Asia I Acquisition in the third quarter valued at approximately $89,000. Sea Otter Advisors LLC purchased a new stake in shares of Generation Asia I Acquisition in the fourth quarter valued at approximately $101,000. Two Sigma Securities LLC purchased a new stake in shares of Generation Asia I Acquisition in the first quarter valued at approximately $121,000. First Trust Capital Management L.P. purchased a new stake in shares of Generation Asia I Acquisition in the fourth quarter valued at approximately $132,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Generation Asia I Acquisition in the second quarter valued at approximately $481,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

Generation Asia I Acquisition Price Performance

Shares of GAQ stock remained flat at $11.02 during trading hours on Wednesday. The stock had a trading volume of 7 shares, compared to its average volume of 40,864. The stock has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $10.88. Generation Asia I Acquisition has a 1-year low of $10.30 and a 1-year high of $11.20.

About Generation Asia I Acquisition

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.