Investors Purchase Large Volume of Gorilla Technology Group Call Options (NASDAQ:GRRR)

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of unusually large options trading activity on Monday. Stock investors bought 3,513 call options on the company. This is an increase of approximately 2,340% compared to the typical daily volume of 144 call options.

Analyst Upgrades and Downgrades

Separately, Northland Securities increased their target price on shares of Gorilla Technology Group from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th.

Gorilla Technology Group Stock Performance

Shares of NASDAQ:GRRR traded up $1.06 during midday trading on Monday, reaching $6.09. 2,751,728 shares of the company’s stock traded hands, compared to its average volume of 481,731. 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 company has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $3.76. Gorilla Technology Group has a 1 year low of $2.09 and a 1 year high of $13.00.

Institutional Trading of Gorilla Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth approximately $55,000. Vontobel Holding Ltd. purchased a new position in Gorilla Technology Group in the third quarter worth approximately $81,000. Finally, Highbridge Capital Management LLC acquired a new stake in Gorilla Technology Group during the second quarter worth $480,000. 1.33% of the stock is owned by institutional investors and hedge funds.

About Gorilla Technology Group

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.