Short Interest in Guardforce AI Co., Limited (NASDAQ:GFAI) Decreases By 9.5%

Guardforce AI Co., Limited (NASDAQ:GFAI) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,240,000 shares, a decrease of 9.5% from the January 15th total of 1,370,000 shares. Based on an average daily volume of 3,130,000 shares, the short-interest ratio is currently 0.4 days. Currently, 8.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew 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 worth $138,000 after buying an additional 72,700 shares in the last quarter. Millennium Management LLC acquired a new position in Guardforce AI during the fourth quarter worth about $36,000. Finally, Virtu Financial LLC purchased a new stake in Guardforce AI during the 4th quarter valued at about $35,000. 2.04% of the stock is owned by institutional investors and hedge funds.

Guardforce AI Stock Performance

Shares of Guardforce AI stock traded down $0.06 during mid-day trading on Monday, reaching $1.56. 876,484 shares of the stock traded hands, compared to its average volume of 2,405,015. The business has a 50-day moving average of $1.65 and a 200 day moving average of $1.38. Guardforce AI has a fifty-two week low of $0.94 and a fifty-two week high of $4.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.36.

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.