Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Up 50.6% in December

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,350,000 shares, a growth of 50.6% from the December 15th total of 1,560,000 shares. Approximately 24.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,010,000 shares, the short-interest ratio is presently 1.2 days.

Gorilla Technology Group Trading Down 9.7 %

Shares of NASDAQ:GRRR traded down $1.45 during trading on Friday, reaching $13.44. The company had a trading volume of 2,249,159 shares, compared to its average volume of 4,396,291. Gorilla Technology Group has a fifty-two week low of $2.09 and a fifty-two week high of $25.88. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $10.65 and its 200 day moving average price is $5.91.

Analysts Set New Price Targets

Separately, Northland Securities raised their price target on Gorilla Technology Group from $9.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, December 9th.

Hedge Funds Weigh In On Gorilla Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GRRR. Highbridge Capital Management LLC acquired a new stake in shares of Gorilla Technology Group in the 2nd quarter worth $480,000. Vontobel Holding Ltd. acquired a new stake in Gorilla Technology Group in the third quarter valued at about $81,000. Finally, GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group in the 3rd quarter valued at approximately $55,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

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.