Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Down 17.7% in March

Guardforce AI Co., Limited (NASDAQ:GFAI) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 804,739 shares, a decline of 17.7% from the March 15th total of 977,656 shares. Currently, 16.4% of the company’s stock are sold short. Based on an average trading volume of 236,090 shares, the days-to-cover ratio is presently 3.4 days.

Guardforce AI Price Performance

GFAI traded up $0.04 during mid-day trading on Friday, reaching $0.59. 408,605 shares of the stock were exchanged, compared to its average volume of 222,212. The company has a 50 day moving average price of $0.50 and a two-hundred day moving average price of $0.70. Guardforce AI has a 1 year low of $0.38 and a 1 year high of $1.50.

Guardforce AI declared that its Board of Directors has authorized a share buyback program on Friday, February 20th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 55.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently raised its stake in Guardforce AI stock. Renaissance Technologies LLC increased its stake in Guardforce AI Co., Limited (NASDAQ:GFAI) by 26.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 347,700 shares of the company’s stock after buying an additional 71,800 shares during the quarter. Renaissance Technologies LLC owned 1.65% of Guardforce AI worth $194,000 at the end of the most recent quarter. 2.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Guardforce AI in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.50.

About Guardforce AI

Guardforce AI Limited (NASDAQ:GFAI) is a developer of AI-powered robotics and automation solutions for security, health and service applications. Its offerings include autonomous patrol robots equipped with advanced computer vision and sensor fusion capabilities, disinfection robots utilizing UV and spray systems, and last-mile delivery units, all coordinated through a proprietary cloud-based management platform. These integrated solutions enable clients to enhance physical security, improve hygiene standards and optimize operational efficiency.

Established in 2021 and publicly listed on the Nasdaq stock exchange, Guardforce AI leverages its engineering expertise in machine learning algorithms and real-time analytics to meet the evolving needs of industries such as manufacturing, logistics, retail, healthcare and public infrastructure.