Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Update

Gorilla Technology Group Inc. (NASDAQ:GRRR) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,060,000 shares, a growth of 67.5% from the February 28th total of 1,230,000 shares. Based on an average daily trading volume, of 4,160,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 12.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Northland Securities boosted their price objective on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Anson Funds Management LP grew its holdings in Gorilla Technology Group by 3,360.4% during the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock worth $10,836,000 after purchasing an additional 582,661 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Gorilla Technology Group during the 4th quarter worth approximately $1,389,000. Toronto Dominion Bank acquired a new position in shares of Gorilla Technology Group during the 4th quarter worth approximately $903,000. BNP Paribas Financial Markets bought a new position in Gorilla Technology Group during the fourth quarter worth about $737,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Gorilla Technology Group by 41.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock valued at $722,000 after purchasing an additional 11,663 shares during the period. 1.33% of the stock is currently owned by institutional investors and hedge funds.

Gorilla Technology Group Trading Up 8.2 %

NASDAQ:GRRR traded up $2.06 on Monday, hitting $27.10. 1,157,269 shares of the company’s stock were exchanged, compared to its average volume of 1,582,674. The firm has a 50-day moving average price of $23.76 and a 200-day moving average price of $13.28. Gorilla Technology Group has a 52 week low of $2.09 and a 52 week high of $44.15. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08.

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.