Gorilla Technology Group Sees Unusually High Options Volume (NASDAQ:GRRR)

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors bought 7,663 call options on the stock. This is an increase of 122% compared to the average daily volume of 3,457 call options.

Hedge Funds Weigh In On Gorilla Technology Group

Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of Gorilla Technology Group during the 3rd quarter worth $55,000. Vontobel Holding Ltd. bought a new position in shares of Gorilla Technology Group during the third quarter valued at $81,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Gorilla Technology Group in the second quarter worth $480,000. 1.33% of the stock is owned by institutional investors.

Gorilla Technology Group Stock Up 3.6 %

NASDAQ:GRRR traded up $0.42 during trading hours on Monday, reaching $12.07. 6,285,174 shares of the company were exchanged, compared to its average volume of 5,324,975. Gorilla Technology Group has a 1-year low of $2.09 and a 1-year high of $25.88. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $9.69 and a 200 day moving average of $5.56.

Wall Street Analysts Forecast Growth

Separately, Northland Securities increased their price objective on Gorilla Technology Group from $9.00 to $13.00 and gave the company an "outperform" rating in a report on Monday, December 9th.

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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.