Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Up 443.2% in December

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 656,700 shares, a growth of 443.2% from the December 15th total of 120,900 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 7.9% of the company’s shares are short sold.

Guardforce AI Trading Down 23.0 %

Shares of GFAI stock traded down $0.53 during mid-day trading on Monday, reaching $1.77. 3,906,117 shares of the company’s stock traded hands, compared to its average volume of 14,164,426. Guardforce AI has a 12 month low of $0.94 and a 12 month high of $4.30. The firm has a 50 day moving average price of $1.38 and a two-hundred day moving average price of $1.48. The company has a current ratio of 3.42, a quick ratio of 3.36 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I upgraded shares of Guardforce AI to a “strong-buy” rating in a report on Tuesday, October 1st.

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.