Gorilla Technology Group Inc. (NASDAQ:GRRRW) Sees Significant Increase in Short Interest

Gorilla Technology Group Inc. (NASDAQ:GRRRW) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 6,600 shares, a growth of 500.0% from the February 29th total of 1,100 shares. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Prelude Capital Management LLC bought a new position in Gorilla Technology Group Inc. (NASDAQ:GRRRW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 240,818 shares of the company’s stock, valued at approximately $89,000.

Gorilla Technology Group Price Performance

GRRRW stock opened at $0.08 on Thursday. The firm’s 50-day simple moving average is $0.06 and its 200 day simple moving average is $0.05. Gorilla Technology Group has a fifty-two week low of $0.01 and a fifty-two week high of $0.53.

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.