Short Interest in Gigcapital8 Corp. (NASDAQ:GIWWR) Grows By 82.1%

Gigcapital8 Corp. (NASDAQ:GIWWR) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 12,373 shares, a growth of 82.1% from the July 30th total of 6,794 shares. Based on an average daily volume of 6,674 shares, the days-to-cover ratio is presently 1.9 days.

Gigcapital8 Stock Performance

Shares of NASDAQ GIWWR remained flat at $0.27 during midday trading on Friday. Gigcapital8 has a 1-year low of $0.22 and a 1-year high of $0.45. The stock has a fifty day moving average price of $0.28 and a 200 day moving average price of $0.30.

Gigcapital8 Company Profile

GigCapital8 (NASDAQ: GIWWR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition or other business combination with one or more businesses. As a blank?check vehicle, GigCapital8 does not operate an ongoing commercial business prior to completing a qualifying business combination; its principal activity is identifying and negotiating a combination with a target company that will permit the combined entity to become publicly listed.

Like other SPACs, GigCapital8 holds the proceeds of its offering in a trust account invested in cash and cash equivalents or short?term government instruments until a business combination is completed or the trust is liquidated.