Grab Holdings Limited (NASDAQ:GRABW) Short Interest Up 3,000.0% in September

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,100 shares, an increase of 3,000.0% from the September 15th total of 100 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is presently 0.1 days.

Grab Price Performance

GRABW opened at $0.20 on Friday. The stock’s 50 day moving average price is $0.19 and its 200-day moving average price is $0.19. Grab has a 52-week low of $0.11 and a 52-week high of $0.35.

Hedge Funds Weigh In On Grab

An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC bought a new position in Grab Holdings Limited (NASDAQ:GRABW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 302,710 shares of the company’s stock, valued at approximately $49,000.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.