GigaCloud Technology Inc. (NASDAQ:GIGGW) Short Interest Up 330.8% in April

GigaCloud Technology Inc. (NASDAQ:GIGGW) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 12,256 shares, a growth of 330.8% from the April 15th total of 2,845 shares. Based on an average trading volume of 98,347 shares, the days-to-cover ratio is presently 0.1 days.

GigaCloud Technology Trading Down 15.6%

NASDAQ GIGGW opened at $0.38 on Wednesday. GigaCloud Technology has a one year low of $0.07 and a one year high of $1.98. The business’s fifty day simple moving average is $0.43.

GigaCloud Technology Inc is a publicly listed company that operates in the e-commerce and technology distribution sector. The company is principally involved in the online distribution and sales of consumer electronics and related products, with an emphasis on mobile devices, accessories and complementary hardware sold through digital channels.

GigaCloud’s activities center on connecting manufacturers, retailers and end customers through electronic marketplaces and distribution services.