Gorilla Technology Group Inc. (NASDAQ:GRRR – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 495,000 shares, a growth of 40.0% from the August 15th total of 353,600 shares. Currently, 5.6% of the company’s shares are sold short. Based on an average daily trading volume, of 204,900 shares, the short-interest ratio is presently 2.4 days.
Gorilla Technology Group Stock Up 7.1 %
Shares of GRRR traded up $0.25 during trading hours on Monday, hitting $3.79. 367,148 shares of the stock traded hands, compared to its average volume of 413,898. The business has a fifty day moving average of $2.79 and a 200-day moving average of $4.70. Gorilla Technology Group has a 1-year low of $2.09 and a 1-year high of $14.70. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13.
Institutional Trading of Gorilla Technology Group
An institutional investor recently bought a new position in Gorilla Technology Group stock. Highbridge Capital Management LLC purchased a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 173,289 shares of the company’s stock, valued at approximately $480,000. Highbridge Capital Management LLC owned about 1.93% of Gorilla Technology Group at the end of the most recent reporting period. Institutional investors and hedge funds own 1.33% of the company’s stock.
About Gorilla Technology Group
Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.
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