Grab Holdings Limited (NASDAQ:GRABW) Sees Large Increase in Short Interest

Grab Holdings Limited (NASDAQ:GRABW) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 19,400 shares, an increase of 397.4% from the October 15th total of 3,900 shares. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is presently 0.6 days.

Grab Trading Down 11.8 %

Shares of NASDAQ:GRABW traded down $0.06 during midday trading on Thursday, reaching $0.47. 75,014 shares of the company’s stock traded hands, compared to its average volume of 32,348. Grab has a one year low of $0.11 and a one year high of $0.55. The stock has a 50 day moving average of $0.25 and a 200 day moving average of $0.21.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grab stock. Cowen AND Company LLC purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRABW) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 302,710 shares of the company’s stock, valued at approximately $49,000.

Grab Company Profile

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.