Gorilla Technology Group Inc. (NASDAQ:GRRR) Sees Significant Decline in Short Interest

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

Institutional Trading of Gorilla Technology Group

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of Gorilla Technology Group during the third quarter worth approximately $55,000. Transcendent Capital Group LLC purchased a new position in Gorilla Technology Group in the 4th quarter worth $72,000. Creative Financial Designs Inc. ADV bought a new stake in Gorilla Technology Group in the fourth quarter worth $135,000. Cetera Investment Advisers purchased a new stake in Gorilla Technology Group during the fourth quarter valued at about $258,000. Finally, Stifel Financial Corp bought a new position in shares of Gorilla Technology Group during the fourth quarter valued at about $412,000. Institutional investors own 1.33% of the company’s stock.

Gorilla Technology Group Trading Up 0.1 %

NASDAQ GRRR traded up $0.04 during trading hours on Wednesday, reaching $26.97. 2,071,439 shares of the stock traded hands, compared to its average volume of 1,512,286. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $21.94 and a two-hundred day simple moving average of $12.08. Gorilla Technology Group has a 1 year low of $2.09 and a 1 year high of $44.15.

Wall Street Analysts Forecast Growth

Separately, Northland Securities upped 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 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.