Gorilla Technology Group Inc. (NASDAQ:GRRRW) Short Interest Up 500.0% in March

Gorilla Technology Group Inc. (NASDAQ:GRRRW) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 6,600 shares, a growth of 500.0% from the February 29th total of 1,100 shares. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is presently 0.2 days.

Gorilla Technology Group Stock Performance

Shares of NASDAQ:GRRRW opened at $0.08 on Friday. The company’s fifty day moving average is $0.06 and its 200 day moving average is $0.05. Gorilla Technology Group has a 52 week low of $0.01 and a 52 week high of $0.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gorilla Technology Group stock. Prelude Capital Management LLC acquired a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRRW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 240,818 shares of the company’s stock, valued at approximately $89,000.

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.