Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Down 40.9% in January

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 1,390,000 shares, a decrease of 40.9% from the December 31st total of 2,350,000 shares. Currently, 14.7% of the shares of the company are short sold. Based on an average trading volume of 2,340,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Vontobel Holding Ltd. acquired a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 19,000 shares of the company’s stock, valued at approximately $81,000. Vontobel Holding Ltd. owned approximately 0.21% of Gorilla Technology Group as of its most recent SEC filing. 1.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Gorilla Technology Group Price Performance

Shares of GRRR traded up $0.10 during trading hours on Friday, hitting $13.59. 1,173,975 shares of the company were exchanged, compared to its average volume of 3,049,451. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. Gorilla Technology Group has a fifty-two week low of $2.09 and a fifty-two week high of $25.88. The firm’s fifty day moving average is $12.64 and its 200 day moving average is $6.76.

About Gorilla Technology Group

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.