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

Target Global Acquisition I Corp. (NASDAQ:TGAA) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decrease of 75.0% from the May 31st total of 400 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 0.0 days.

Target Global Acquisition I Price Performance

Shares of TGAA traded down $0.05 during mid-day trading on Friday, reaching $11.35. The company’s stock had a trading volume of 2,994 shares, compared to its average volume of 27,621. The business has a fifty day moving average of $11.32 and a 200 day moving average of $11.19. Target Global Acquisition I has a 1 year low of $10.62 and a 1 year high of $12.19.

Hedge Funds Weigh In On Target Global Acquisition I

A number of hedge funds have recently modified their holdings of TGAA. Radcliffe Capital Management L.P. grew its position in shares of Target Global Acquisition I by 13.6% in the third quarter. Radcliffe Capital Management L.P. now owns 32,398 shares of the company’s stock valued at $352,000 after purchasing an additional 3,868 shares during the last quarter. BCK Capital Management LP acquired a new stake in shares of Target Global Acquisition I in the fourth quarter valued at about $615,000. Virtu Financial LLC acquired a new stake in shares of Target Global Acquisition I in the first quarter valued at about $667,000. K2 Principal Fund L.P. bought a new stake in shares of Target Global Acquisition I in the first quarter valued at about $1,976,000. Finally, Shaolin Capital Management LLC lifted its stake in shares of Target Global Acquisition I by 200.0% in the third 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 during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

About Target Global Acquisition I

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.