Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGR - Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 1,980,000 shares, a decline of 31.3% from the February 13th total of 2,880,000 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 591,600 shares, the days-to-cover ratio is currently 3.3 days.

Gogoro Price Performance

Shares of Gogoro stock traded down $0.01 during trading on Tuesday, hitting $0.35. 1,000,217 shares of the company were exchanged, compared to its average volume of 717,926. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.58. Gogoro has a fifty-two week low of $0.35 and a fifty-two week high of $2.02. The stock has a market capitalization of $103.27 million, a price-to-earnings ratio of -0.78 and a beta of 0.61. The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.56.

Gogoro (NASDAQ:GGR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.22). The company had revenue of $73.01 million for the quarter. Gogoro had a negative return on equity of 53.23% and a negative net margin of 39.69%. On average, equities analysts expect that Gogoro will post -0.12 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a "hold" rating on shares of Gogoro in a research note on Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GGR. Aspiring Ventures LLC acquired a new position in Gogoro in the 4th quarter valued at $495,000. JPMorgan Chase & Co. increased its holdings in shares of Gogoro by 130.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company's stock worth $299,000 after buying an additional 318,897 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Gogoro during the 4th quarter worth $121,000. Jane Street Group LLC boosted its position in Gogoro by 136.6% during the 4th quarter. Jane Street Group LLC now owns 211,121 shares of the company's stock worth $105,000 after purchasing an additional 121,905 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Gogoro during the 4th quarter worth $42,000. 15.87% of the stock is currently owned by institutional investors and hedge funds.

Gogoro Company Profile

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.