Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Up 40.0% in August

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 495,000 shares, a growth of 40.0% from the August 15th total of 353,600 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average trading volume of 204,900 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Highbridge Capital Management LLC purchased a new stake in Gorilla Technology Group Inc. (NASDAQ:GRRR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 173,289 shares of the company’s stock, valued at approximately $480,000. Highbridge Capital Management LLC owned approximately 1.93% of Gorilla Technology Group as of its most recent filing with the Securities & Exchange Commission. 1.33% of the stock is owned by institutional investors and hedge funds.

Gorilla Technology Group Stock Up 13.3 %

Shares of Gorilla Technology Group stock traded up $0.47 on Monday, hitting $4.01. The stock had a trading volume of 822,245 shares, compared to its average volume of 416,455. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.43. Gorilla Technology Group has a twelve month low of $2.09 and a twelve month high of $14.70. The business’s 50 day moving average is $2.79 and its two-hundred day moving average is $4.70.

Gorilla Technology Group Company Profile

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.