Grab Holdings Limited (NASDAQ:GRABW) Shares Shorted: Short Interest Up 286.9% in September

Grab Holdings Limited (NASDAQ:GRABW) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 10,743 shares, an increase of 286.9% from the September 15th total of 2,777 shares. Based on an average trading volume of 64,172 shares, the short-interest ratio is presently 0.2 days.

Grab Price Performance

NASDAQ GRABW traded down $0.00 on Monday, hitting $0.02. The stock had a trading volume of 94,122 shares, compared to its average volume of 34,448. The business’s fifty day moving average price is $0.02 and its 200 day moving average price is $0.04. Grab has a 52-week low of $0.01 and a 52-week high of $0.51.

Institutional Trading of Grab

A hedge fund recently bought a new stake in Grab stock. Altimeter Capital Management LP purchased a new stake in Grab Holdings Limited (NASDAQ:GRABW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab comprises 0.0% of Altimeter Capital Management LP’s holdings, making the stock its 18th biggest holding.

About Grab

Grab Holdings Inc is a Singapore-based technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with on-demand transportation, food and grocery delivery, package delivery and other local services.

Grab also provides digital financial services, including payments, mobile wallets, lending and other financial products for consumers, driver-partners and small businesses. Its services are available across several Southeast Asian markets, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.

Grab was founded in 2012 by Anthony Tan and Tan Hooi Ling as a taxi-booking application in Malaysia before expanding into a broader regional platform.