Short Interest in Gorilla Technology Group Inc. (NASDAQ:GRRR) Decreases By 15.8%

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,230,000 shares, a drop of 15.8% from the February 13th total of 1,460,000 shares. Based on an average trading volume of 3,970,000 shares, the short-interest ratio is currently 0.3 days. Currently, 7.3% of the company's shares are sold short.

Analyst Ratings Changes

Separately, Northland Securities increased their price target on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd.

Gorilla Technology Group Price Performance

Shares of NASDAQ:GRRR traded up $1.48 during mid-day trading on Friday, reaching $25.15. The stock had a trading volume of 2,542,812 shares, compared to its average volume of 1,549,580. The firm has a 50 day simple moving average of $22.56 and a two-hundred day simple moving average of $12.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. Gorilla Technology Group has a twelve month low of $2.09 and a twelve month high of $44.15.

Institutional Trading of Gorilla Technology Group

Large investors have recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new stake in Gorilla Technology Group during the 4th quarter worth approximately $72,000. Creative Financial Designs Inc. ADV bought a new stake in Gorilla Technology Group during the 4th quarter worth approximately $135,000. GSA Capital Partners LLP bought a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $55,000. Cetera Investment Advisers bought a new stake in Gorilla Technology Group during the 4th quarter worth approximately $258,000. Finally, Stifel Financial Corp bought a new stake in Gorilla Technology Group during the 4th quarter worth approximately $412,000. 1.33% of the stock is owned by institutional investors.

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Gorilla Technology Group Company Profile

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.