Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Update

Gorilla Technology Group Inc. (NASDAQ:GRRR) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 2,350,000 shares, a growth of 50.6% from the December 15th total of 1,560,000 shares. Approximately 24.8% of the company’s stock are short sold. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in shares of Gorilla Technology Group during the third quarter valued at about $55,000. Vontobel Holding Ltd. acquired a new position in Gorilla Technology Group during the 3rd quarter valued at about $81,000. Finally, Highbridge Capital Management LLC bought a new stake in Gorilla Technology Group during the 2nd quarter worth approximately $480,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their target price on Gorilla Technology Group from $9.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, December 9th.

Gorilla Technology Group Price Performance

Shares of NASDAQ:GRRR traded down $1.45 during trading on Friday, reaching $13.44. 2,249,159 shares of the stock were exchanged, compared to its average volume of 4,396,291. Gorilla Technology Group has a 1-year low of $2.09 and a 1-year high of $25.88. The stock has a fifty day moving average of $10.65 and a two-hundred day moving average of $5.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

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.