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

Gorilla Technology Group Inc. (NASDAQ:GRRR) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 495,000 shares, an increase of 40.0% from the August 15th total of 353,600 shares. Based on an average daily trading volume, of 204,900 shares, the short-interest ratio is currently 2.4 days. Currently, 5.6% of the shares of the stock are short sold.

Gorilla Technology Group Stock Up 13.3 %

NASDAQ:GRRR traded up $0.47 during trading hours on Monday, reaching $4.01. 822,245 shares of the company were exchanged, compared to its average volume of 416,455. The business has a 50 day moving average of $2.79 and a 200 day moving average of $4.70. Gorilla Technology Group has a 1-year low of $2.09 and a 1-year high of $14.70. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13.

Institutional Trading of Gorilla Technology Group

An institutional investor recently bought a new position in Gorilla Technology Group stock. Highbridge Capital Management LLC acquired a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 173,289 shares of the company’s stock, valued at approximately $480,000. Highbridge Capital Management LLC owned approximately 1.93% of Gorilla Technology Group as of its most recent SEC filing. Institutional investors and hedge funds own 1.33% of the company’s stock.

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.