Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,060,000 shares, an increase of 67.5% from the February 28th total of 1,230,000 shares. Based on an average daily volume of 4,160,000 shares, the short-interest ratio is presently 0.5 days. Currently, 12.2% of the company's stock are short sold.
Gorilla Technology Group Stock Performance
Shares of GRRR stock traded down $4.50 during trading hours on Tuesday, reaching $25.11. The company had a trading volume of 3,328,651 shares, compared to its average volume of 1,600,671. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. The business has a fifty day moving average price of $24.08 and a 200-day moving average price of $13.54. Gorilla Technology Group has a one year low of $2.09 and a one year high of $44.15.
Institutional Investors Weigh In On Gorilla Technology Group
A number of hedge funds have recently added to or reduced their stakes in GRRR. Transcendent Capital Group LLC purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth $72,000. Creative Financial Designs Inc. ADV purchased a new position in Gorilla Technology Group in the fourth quarter worth about $135,000. Cetera Investment Advisers bought a new stake in shares of Gorilla Technology Group during the 4th quarter valued at about $258,000. Stifel Financial Corp purchased a new stake in shares of Gorilla Technology Group during the 4th quarter valued at about $412,000. Finally, Centiva Capital LP bought a new position in shares of Gorilla Technology Group in the 4th quarter worth approximately $424,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Northland Securities upped their price target on Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd.
Read Our Latest Analysis on GRRR
About Gorilla Technology Group
(
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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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