Tiga Acquisition Corp. (NYSE:TINV – Get Rating) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 27,100 shares, a drop of 16.9% from the June 30th total of 32,600 shares. Based on an average daily volume of 182,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
Tiga Acquisition Stock Up 0.0 %
Shares of TINV stock opened at $10.32 on Friday. Tiga Acquisition has a 1-year low of $9.95 and a 1-year high of $10.33. The stock’s 50-day moving average is $10.27 and its 200 day moving average is $10.24.
Institutional Investors Weigh In On Tiga Acquisition
A number of institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. boosted its holdings in Tiga Acquisition by 9.3% in the fourth quarter. Saba Capital Management L.P. now owns 50,522 shares of the company’s stock worth $512,000 after acquiring an additional 4,294 shares in the last quarter. Cohanzick Management LLC acquired a new stake in Tiga Acquisition in the first quarter worth about $222,000. Wolverine Asset Management LLC boosted its holdings in Tiga Acquisition by 668.9% in the fourth quarter. Wolverine Asset Management LLC now owns 76,649 shares of the company’s stock worth $776,000 after acquiring an additional 66,680 shares in the last quarter. Beryl Capital Management LLC lifted its holdings in shares of Tiga Acquisition by 6.7% during the fourth quarter. Beryl Capital Management LLC now owns 1,843,521 shares of the company’s stock worth $18,679,000 after purchasing an additional 115,223 shares during the period. Finally, Karpus Management Inc. lifted its holdings in shares of Tiga Acquisition by 22.0% during the first quarter. Karpus Management Inc. now owns 872,610 shares of the company’s stock worth $8,944,000 after purchasing an additional 157,479 shares during the period. Institutional investors own 67.88% of the company’s stock.
About Tiga Acquisition
Tiga Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is headquartered in Singapore.
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