GigCapital3, Inc. (NYSE:GIK) shares, rose in value on Wednesday, Jan 13, with the stock price up by 3.32% to the previous day’s close as strong demand from buyers drove the stock to $14.3.
Actively observing the price movement in the last trading, the stock closed the session at $13.84, falling within a range of $13.90 and $14.66. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $15.86, and the low was $9.79. On the whole, GIK has fluctuated by 12.6% over the past month.
Data on historical trading for GigCapital3, Inc. (NYSE:GIK) indicates that the trading volumes over the past 10 days have averaged 2.1 Million and over the past 3 months, they’ve averaged 1.82 Million. According to company’s latest data on outstanding shares, there are 25.89 Million shares outstanding.
Nearly 0% of GigCapital3, Inc.’s shares belong to company insiders and institutional investors own 45.16% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 769.34 Million shares as on December 30, 2020, resulting in a short ratio of 0.2. According to the data, the short interest in GigCapital3, Inc. (GIK) stood at 2.97% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 51.49 Million. The stock has risen by +8.5% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GIK stock heading into the next quarter.
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