I don't think that I personally would consider 39 mil a low floater but it's not bad either.
Another thing that I like about GIG is there is a very, very small short interest, (0.80) or 298.3k of the O/S and with today's volume 0.3403 days to cover.
There is resistance to clear and we may see a pullback a bit imo but if they clear those resistances there are some pretty clear blue skies above.