Short Interest in Gorilla Technology Group Inc. (NASDAQ:GRRR) Rises By 50.6%

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 2,350,000 shares, an increase of 50.6% from the December 15th total of 1,560,000 shares. Based on an average trading volume of 2,010,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 24.8% of the company’s stock are short sold.

Gorilla Technology Group Trading Down 9.7 %

Shares of NASDAQ GRRR traded down $1.45 during midday trading on Friday, reaching $13.44. The company’s stock had a trading volume of 2,249,159 shares, compared to its average volume of 4,396,291. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50 day moving average price of $10.65 and a 200-day moving average price of $5.91. Gorilla Technology Group has a 12-month low of $2.09 and a 12-month high of $25.88.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in shares of Gorilla Technology Group during the 3rd quarter worth $55,000. Vontobel Holding Ltd. bought a new stake in Gorilla Technology Group in the third quarter worth about $81,000. Finally, Highbridge Capital Management LLC bought a new stake in Gorilla Technology Group in the second quarter worth about $480,000. Institutional investors own 1.33% of the company’s stock.

Analyst Ratings Changes

Separately, Northland Securities raised their price target on shares of Gorilla Technology Group from $9.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, December 9th.

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.