Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Up 443.2% in December

Guardforce AI Co., Limited (NASDAQ:GFAI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 656,700 shares, a growth of 443.2% from the December 15th total of 120,900 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 7.9% of the shares of the stock are sold short.

Guardforce AI Trading Up 13.6 %

Shares of NASDAQ:GFAI traded up $0.24 during midday trading on Tuesday, hitting $2.01. The company’s stock had a trading volume of 9,093,175 shares, compared to its average volume of 13,561,300. Guardforce AI has a 12-month low of $0.94 and a 12-month high of $4.30. The business’s 50 day simple moving average is $1.40 and its 200 day simple moving average is $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42.

Wall Street Analysts Forecast Growth

Separately, EF Hutton Acquisition Co. I raised Guardforce AI to a “strong-buy” rating in a research note on Tuesday, October 1st.

About Guardforce AI

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.