Short Interest in Gorilla Technology Group Inc. (NASDAQ:GRRR) Increases By 67.5%

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,060,000 shares, a growth of 67.5% from the February 28th total of 1,230,000 shares. Currently, 12.2% of the company’s shares are sold short. Based on an average trading volume of 4,160,000 shares, the days-to-cover ratio is presently 0.5 days.

Gorilla Technology Group Trading Down 1.6 %

GRRR traded down $0.40 during trading on Friday, hitting $25.04. The company’s stock had a trading volume of 1,423,336 shares, compared to its average volume of 1,583,496. Gorilla Technology Group has a one year low of $2.09 and a one year high of $44.15. The business’s 50 day simple moving average is $23.76 and its 200-day simple moving average is $13.28. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.

Hedge Funds Weigh In On Gorilla Technology Group

A number of large investors have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Gorilla Technology Group in the fourth quarter valued at about $72,000. Creative Financial Designs Inc. ADV purchased a new position in Gorilla Technology Group in the fourth quarter valued at $135,000. Cetera Investment Advisers purchased a new stake in shares of Gorilla Technology Group in the fourth quarter valued at approximately $258,000. Stifel Financial Corp acquired a new position in shares of Gorilla Technology Group during the 4th quarter worth about $412,000. Finally, Centiva Capital LP acquired a new position in Gorilla Technology Group in the 4th quarter valued at $424,000. 1.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Northland Securities upped their price target on Gorilla Technology Group from $13.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd.

Gorilla Technology Group Company Profile

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.