Gogoro Inc. (NASDAQ:GGR) Sees Significant Decline in Short Interest

Gogoro Inc. (NASDAQ:GGR) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 2,360,000 shares, a decrease of 5.2% from the June 30th total of 2,490,000 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 214,000 shares, the days-to-cover ratio is currently 11.0 days.

Gogoro Price Performance

Gogoro stock opened at $1.40 on Friday. The company has a market cap of $344.12 million, a price-to-earnings ratio of -6.67 and a beta of 0.45. The firm’s fifty day moving average is $1.49 and its 200 day moving average is $1.66. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. Gogoro has a 52-week low of $1.21 and a 52-week high of $3.31.

Gogoro (NASDAQ:GGR) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Gogoro had a negative net margin of 14.51% and a negative return on equity of 33.56%. The business had revenue of $69.71 million for the quarter. During the same quarter last year, the firm earned ($0.09) EPS.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gogoro stock. Jump Financial LLC bought a new position in shares of Gogoro Inc. (NASDAQ:GGR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,800 shares of the company’s stock, valued at approximately $54,000. 15.87% of the stock is currently owned by institutional investors and hedge funds.

Gogoro Company Profile

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.