Guardforce AI Co., Limited (NASDAQ:GFAI) Sees Large Decrease in Short Interest

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 651,400 shares, a drop of 33.8% from the February 28th total of 983,600 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average daily volume of 2,890,000 shares, the days-to-cover ratio is currently 0.2 days.

Guardforce AI Trading Down 3.7 %

NASDAQ GFAI traded down $0.04 during trading on Friday, hitting $1.03. The company had a trading volume of 499,158 shares, compared to its average volume of 1,017,627. Guardforce AI has a one year low of $0.94 and a one year high of $4.20. The company’s fifty day moving average is $1.35 and its 200-day moving average is $1.33. The company has a quick ratio of 3.36, a current ratio of 3.42 and a debt-to-equity ratio of 0.01.

Institutional Trading of Guardforce AI

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in shares of Guardforce AI by 305.5% during the fourth quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $138,000 after purchasing an additional 72,700 shares in the last quarter. Millennium Management LLC bought a new position in Guardforce AI during the 4th quarter valued at about $36,000. Virtu Financial LLC purchased a new stake in shares of Guardforce AI during the 4th quarter valued at about $35,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Guardforce AI in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 2.04% of the company’s stock.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.