Short Interest in GigInternational1, Inc. (NASDAQ:GIW) Decreases By 84.4%

Posted by Brenda Bartman on Jun 26th, 2026

GigInternational1, Inc. (NASDAQ:GIW – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 948 shares, a drop of 84.4% from the May 31st total of 6,082 shares. Based on an average daily trading volume, of 11,744 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of GigInternational1

A number of hedge funds have recently made changes to their positions in GIW. Quarry LP purchased a new stake in shares of GigInternational1 during the fourth quarter valued at approximately $47,000. Geode Capital Management LLC bought a new position in GigInternational1 in the fourth quarter worth $193,000. Lineage Point Capital LP purchased a new position in GigInternational1 during the 4th quarter valued at about $346,000. Stoic Point Capital Management LLC purchased a new position in shares of GigInternational1 during the fourth quarter valued at approximately $391,000. Finally, ABC Arbitrage SA purchased a new position in GigInternational1 during the fourth quarter valued at $396,000. 14.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on GIW

GigInternational1 Stock Performance

Shares of GIW stock opened at $10.08 on Friday. The firm’s 50 day moving average is $10.04 and its 200 day moving average is $9.98. GigInternational1 has a 12 month low of $9.87 and a 12 month high of $10.10.

GigInternational1 (NASDAQ:GIW – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter.

GigInternational1 Company Profile

(Get Free Report)

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.