Grab Holdings Limited (NASDAQ:GRABW) Sees Significant Decrease in Short Interest

Grab Holdings Limited (NASDAQ:GRABW) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,731 shares, a drop of 56.0% from the September 30th total of 10,743 shares. Based on an average daily trading volume, of 64,389 shares, the days-to-cover ratio is currently 0.1 days.

Grab Stock Down 25.8%

Shares of NASDAQ GRABW traded down $0.00 during midday trading on Friday, reaching $0.01. 74,259 shares of the company traded hands, compared to its average volume of 37,224. Grab has a 12 month low of $0.00 and a 12 month high of $0.47. The stock’s 50-day simple moving average is $0.02 and its 200-day simple moving average is $0.08.

About Grab

Grab Holdings Inc is a technology company that operates a superapp serving consumers, drivers, merchants and financial-service users across Southeast Asia. The company’s platform connects users with on-demand transportation, food and grocery delivery, package delivery and other everyday services.

Grab’s mobility offerings include ride-hailing and taxi-booking services, while its deliveries business supports food, grocery and parcel fulfillment through the Grab app. The company also provides digital financial services in selected markets, including payments, lending, insurance and other financial products for consumers, driver-partners and small businesses.

Founded in Malaysia in 2012 as MyTeksi, Grab expanded its operations across Southeast Asia and is headquartered in Singapore.