Target Global Acquisition I Corp. (NASDAQ:TGAA) Sees Significant Increase in Short Interest

Target Global Acquisition I Corp. (NASDAQ:TGAA) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 2,600 shares, an increase of 420.0% from the March 31st total of 500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 12,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Radcliffe Capital Management L.P. raised its position in shares of Target Global Acquisition I by 13.6% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 32,398 shares of the company’s stock worth $352,000 after acquiring an additional 3,868 shares in the last quarter. BCK Capital Management LP acquired a new position in Target Global Acquisition I during the 4th quarter valued at about $615,000. Periscope Capital Inc. increased its position in Target Global Acquisition I by 1.3% during the 3rd quarter. Periscope Capital Inc. now owns 151,911 shares of the company’s stock valued at $1,648,000 after buying an additional 1,911 shares in the last quarter. Mizuho Securities USA LLC increased its position in Target Global Acquisition I by 12.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 288,271 shares of the company’s stock valued at $3,099,000 after buying an additional 31,728 shares in the last quarter. Finally, Shaolin Capital Management LLC increased its position in Target Global Acquisition I by 200.0% during the 3rd quarter. Shaolin Capital Management LLC now owns 299,885 shares of the company’s stock valued at $3,254,000 after buying an additional 599,885 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

Target Global Acquisition I Stock Performance

Shares of TGAA remained flat at $11.20 during trading hours on Friday. The stock had a trading volume of 6 shares, compared to its average volume of 7,228. Target Global Acquisition I has a 52-week low of $10.45 and a 52-week high of $12.19. The business’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $11.07.

Target Global Acquisition I Company Profile

Target Global Acquisition I Corp. 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 or entities. It intends to focus on the consumer internet, mobility, and financial technology sectors.