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

Guardforce AI Co., Limited (NASDAQ:GFAI) was the recipient of a significant 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 volume of 2,420,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 7.9% of the shares of the stock are sold short.

Guardforce AI Stock Down 4.5 %

NASDAQ GFAI traded down $0.09 during trading on Wednesday, hitting $1.92. 3,320,357 shares of the stock traded hands, compared to its average volume of 12,426,242. The firm has a 50-day simple moving average of $1.42 and a 200-day simple moving average of $1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42. Guardforce AI has a 12-month low of $0.94 and a 12-month high of $4.30.

Analyst Ratings Changes

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

Guardforce AI Company Profile

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.