Grab Holdings Limited (NASDAQ:GRABW) Short Interest Up 397.4% in October

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 19,400 shares, an increase of 397.4% from the October 15th total of 3,900 shares. Based on an average daily volume of 30,700 shares, the short-interest ratio is presently 0.6 days.

Grab Stock Performance

Shares of GRABW stock traded up $0.12 on Tuesday, hitting $0.50. The company had a trading volume of 398,717 shares, compared to its average volume of 30,889. Grab has a twelve month low of $0.11 and a twelve month high of $0.54. The company has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.20.

Institutional Investors Weigh In On Grab

An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC purchased a new stake in Grab Holdings Limited (NASDAQ:GRABW) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 302,710 shares of the company’s stock, valued at approximately $49,000.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.