Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Update

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,230,000 shares, a decline of 15.8% from the February 13th total of 1,460,000 shares. Based on an average daily volume of 3,970,000 shares, the short-interest ratio is currently 0.3 days. Approximately 7.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Gorilla Technology Group in the 4th quarter valued at $1,389,000. Transcendent Capital Group LLC acquired a new stake in Gorilla Technology Group during the 4th quarter worth $72,000. GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group during the 3rd quarter worth $55,000. Cetera Investment Advisers acquired a new stake in Gorilla Technology Group during the 4th quarter worth $258,000. Finally, Toronto Dominion Bank acquired a new stake in Gorilla Technology Group during the 4th quarter worth $903,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their price objective on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd.

Gorilla Technology Group Stock Performance

GRRR stock opened at $27.69 on Tuesday. The business’s fifty day moving average is $21.55 and its 200-day moving average is $11.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. Gorilla Technology Group has a twelve month low of $2.09 and a twelve month high of $44.15.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.