Generation Asia I Acquisition Limited (NYSE:GAQ) Short Interest Up 8.3% in May

Generation Asia I Acquisition Limited (NYSE:GAQ) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,600 shares, an increase of 8.3% from the May 15th total of 2,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Generation Asia I Acquisition

Hedge funds have recently modified their holdings of the company. Spartan Fund Management Inc. purchased a new stake in shares of Generation Asia I Acquisition during the 1st quarter worth approximately $221,000. Virtu Financial LLC raised its holdings in Generation Asia I Acquisition by 14.1% during the 1st quarter. Virtu Financial LLC now owns 36,778 shares of the company’s stock valued at $405,000 after buying an additional 4,558 shares during the period. BCK Capital Management LP raised its holdings in Generation Asia I Acquisition by 60.0% during the 4th quarter. BCK Capital Management LP now owns 74,268 shares of the company’s stock valued at $807,000 after buying an additional 27,841 shares during the period. K2 Principal Fund L.P. purchased a new stake in Generation Asia I Acquisition during the 1st quarter valued at $2,204,000. Finally, Meteora Capital LLC purchased a new stake in Generation Asia I Acquisition during the 3rd quarter valued at $2,922,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Generation Asia I Acquisition Stock Performance

GAQ stock opened at $11.25 on Wednesday. Generation Asia I Acquisition has a 1-year low of $10.45 and a 1-year high of $11.41. The business has a 50 day simple moving average of $11.16 and a two-hundred day simple moving average of $11.03.

About Generation Asia I Acquisition

Generation Asia I Acquisition Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, Cayman Islands.