CIIG Merger Corp. (NASDAQ:CIIC) shares, rose in value on Thursday, Jan 14, with the stock price up by 8.9% to the previous day’s close as strong demand from buyers drove the stock to $29.

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Actively observing the price movement in the recent trading, the stock is buoying the session at $26.63, falling within a range of $28.50 and $30.30. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $37.18, and the low was $9.3. On the whole, CIIC has fluctuated by -7.05% over the past month.

Data on historical trading for CIIG Merger Corp. (NASDAQ:CIIC) indicates that the trading volumes over the past 10 days have averaged 1.54 Million and over the past 3 months, they’ve averaged 3.98 Million. According to company’s latest data on outstanding shares, there are 25.88 Million shares outstanding.

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Nearly 0% of CIIG Merger Corp.’s shares belong to company insiders and institutional investors own 66.47% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.77 Million shares as on December 30, 2020, resulting in a short ratio of 0.39. According to the data, the short interest in CIIG Merger Corp. (CIIC) stood at 5.48% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 2.01 Million. The stock has fallen by -5.3% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the CIIC stock heading into the next quarter.

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