Generation Asia I Acquisition Limited (NYSE:GAQ) Short Interest Down 61.5% in June

Generation Asia I Acquisition Limited (NYSE:GAQ) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 1,000 shares, a drop of 61.5% from the May 31st total of 2,600 shares. Based on an average daily volume of 15,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Generation Asia I Acquisition Trading Up 0.1 %

Generation Asia I Acquisition stock traded up $0.01 during mid-day trading on Friday, reaching $11.25. 75,000 shares of the company traded hands, compared to its average volume of 5,188. The firm’s fifty day moving average is $11.19 and its two-hundred day moving average is $11.05. Generation Asia I Acquisition has a fifty-two week low of $10.48 and a fifty-two week high of $11.41.

Hedge Funds Weigh In On Generation Asia I Acquisition

Hedge funds have recently made changes to their positions in the company. Berkley W R Corp grew its stake in Generation Asia I Acquisition by 88.6% during the 1st quarter. Berkley W R Corp now owns 694,530 shares of the company’s stock valued at $7,654,000 after purchasing an additional 326,244 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Generation Asia I Acquisition by 4.2% in the 1st quarter. Mizuho Securities USA LLC now owns 616,000 shares of the company’s stock valued at $6,745,000 after acquiring an additional 25,036 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of Generation Asia I Acquisition by 31.5% in the fourth quarter. Wolverine Asset Management LLC now owns 508,590 shares of the company’s stock worth $5,528,000 after acquiring an additional 121,908 shares during the period. K2 Principal Fund L.P. purchased a new position in shares of Generation Asia I Acquisition during the first quarter worth $2,204,000. Finally, BCK Capital Management LP lifted its position in Generation Asia I Acquisition by 60.0% during the fourth quarter. BCK Capital Management LP now owns 74,268 shares of the company’s stock valued at $807,000 after purchasing an additional 27,841 shares during the period. 58.68% of the stock is owned by institutional investors and hedge funds.

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.