Grab Holdings Limited (NASDAQ:GRAB) Sees Significant Growth in Short Interest

Grab Holdings Limited (NASDAQ:GRAB) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 123,410,000 shares, a growth of 7.5% from the January 15th total of 114,840,000 shares. Based on an average daily trading volume, of 35,400,000 shares, the short-interest ratio is presently 3.5 days. Currently, 5.2% of the company’s stock are sold short.

Institutional Trading of Grab

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Tree Management LP bought a new stake in Grab in the fourth quarter valued at approximately $25,000. Campbell Capital Management Inc. bought a new stake in Grab in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC bought a new stake in Grab in the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC raised its stake in Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after buying an additional 7,890 shares during the period. Finally, Allianz SE bought a new position in shares of Grab during the fourth quarter worth approximately $44,000. Institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

NASDAQ:GRAB traded up $0.39 on Tuesday, hitting $5.29. The company’s stock had a trading volume of 110,836,436 shares, compared to its average volume of 32,523,701. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $4.78 and a two-hundred day moving average of $4.26. The firm has a market capitalization of $21.28 billion, a P/E ratio of -264.25, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. Grab has a one year low of $2.98 and a one year high of $5.72.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays upped their price objective on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a research report on Thursday, November 21st. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Evercore ISI increased their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.54.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.