Gogoro Inc. (NASDAQ:GGR) Short Interest Down 31.3% in February

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

Analyst Upgrades and Downgrades

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

Gogoro Stock Down 4.9 %

Shares of NASDAQ GGR traded down $0.02 during midday trading on Monday, hitting $0.36. 590,681 shares of the stock traded hands, compared to its average volume of 716,766. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.69 and a current ratio of 0.89. Gogoro has a one year low of $0.36 and a one year high of $2.02. The business has a 50 day moving average price of $0.44 and a two-hundred day moving average price of $0.56. The company has a market cap of $106.22 million, a PE ratio of -0.80 and a beta of 0.61.

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

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Institutional Investors Weigh In On Gogoro

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aspiring Ventures LLC purchased a new stake in Gogoro in the 4th quarter valued at $495,000. JPMorgan Chase & Co. raised its holdings in shares of Gogoro by 130.5% in the third quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company's stock valued at $299,000 after purchasing an additional 318,897 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Gogoro during the fourth quarter valued at about $121,000. Jane Street Group LLC boosted its holdings in Gogoro by 136.6% during the fourth 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 last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Gogoro in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 15.87% of the company's stock.

About Gogoro

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.