Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Up 26.7% in November

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 745,300 shares, an increase of 26.7% from the October 31st total of 588,200 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average trading volume of 762,600 shares, the days-to-cover ratio is currently 1.0 days.

Gorilla Technology Group Stock Up 20.5 %

GRRR traded up $1.25 on Monday, hitting $7.34. 4,370,256 shares of the company’s stock were exchanged, compared to its average volume of 498,491. The firm has a 50-day moving average price of $4.37 and a 200-day moving average price of $3.76. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. Gorilla Technology Group has a fifty-two week low of $2.09 and a fifty-two week high of $13.00.

Institutional Investors Weigh In On Gorilla Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Gorilla Technology Group in the 3rd quarter valued at $55,000. Vontobel Holding Ltd. purchased a new position in shares of Gorilla Technology Group during the 3rd quarter worth approximately $81,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Gorilla Technology Group in the second quarter valued at $480,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Analysts Set New Price Targets

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

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.