TCGX Acquisition Corp. (NASDAQ:TCGX) Stock Short Interest Climbs 21,164.4%

TCGX Acquisition Corp. (NASDAQ:TCGX) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 53,161 shares, an increase of 21,164.4% from the September 15th total of 250 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 18,178 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded TCGX Acquisition to a “hold” rating in a report on Saturday, August 15th.

TCGX Acquisition Stock Up 4.0%

Shares of TCGX opened at $12.51 on Friday. The business has a 50-day moving average of $13.75. TCGX Acquisition has a one year low of $10.30 and a one year high of $18.91.

TCGX Acquisition Company Profile

TCGX Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, share purchase, asset acquisition, reorganization or similar corporate transaction.

Unlike an operating company, TCGX Acquisition does not appear to provide products or services directly to customers. Its activities are focused on evaluating potential acquisition targets and completing an initial business combination, after which the combined company would conduct the underlying operating business.

Publicly available information about the company’s specific target industry, geographic markets and long-term operating plans is limited.