Grab Holdings Limited (NASDAQ:GRABW) Short Interest Down 98.9% in August

Grab Holdings Limited (NASDAQ:GRABW) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 155 shares, a drop of 98.9% from the July 30th total of 14,339 shares. Based on an average daily trading volume, of 25,637 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Grab

An institutional investor recently bought a new position in Grab stock. Altimeter Capital Management LP acquired a new stake in Grab Holdings Limited (NASDAQ:GRABW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab accounts for 0.0% of Altimeter Capital Management LP’s holdings, making the stock its 18th biggest holding.

Grab Price Performance

NASDAQ:GRABW opened at $0.02 on Wednesday. The business’s fifty day moving average price is $0.03 and its 200 day moving average price is $0.07. Grab has a 1-year low of $0.01 and a 1-year high of $0.58.

Grab Company Profile

Grab Holdings Inc (NASDAQ: GRABW) is a leading technology company in Southeast Asia that operates a super-app offering a range of on-demand services. Its platform connects consumers, merchants and drivers through mobile applications for ride-hailing, food delivery, parcel and grocery delivery, and digital payments. Leveraging a network of drivers, merchants and logistic partners, Grab aims to provide integrated everyday services across the region.

Founded in 2012 by Anthony Tan and Tan Hooi Ling and headquartered in Singapore, Grab has expanded rapidly through both organic growth and strategic acquisitions.