Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Down 6.0% in June

Posted by Stacy Sanders on Jul 3rd, 2024

Guardforce AI Co., Limited (NASDAQ:GFAI – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 506,500 shares, a decline of 6.0% from the May 31st total of 538,900 shares. Based on an average daily volume of 145,100 shares, the days-to-cover ratio is presently 3.5 days. Approximately 6.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Murchinson Ltd. purchased a new stake in Guardforce AI Co., Limited (NASDAQ:GFAI – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned approximately 0.28% of Guardforce AI as of its most recent SEC filing. Institutional investors own 2.04% of the company’s stock.

Guardforce AI Stock Down 0.9 %

NASDAQ GFAI traded down $0.02 during trading hours on Wednesday, hitting $2.22. The company had a trading volume of 40,748 shares, compared to its average volume of 292,056. The company has a quick ratio of 2.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. Guardforce AI has a 52 week low of $2.04 and a 52 week high of $9.90. The firm has a 50 day simple moving average of $2.67 and a 200 day simple moving average of $2.97.

Guardforce AI Company Profile

(Get Free Report)

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.