Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Expands By 3,181.8%

Grab Holdings Limited (NASDAQ:GRABW) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 36,100 shares, a growth of 3,181.8% from the November 15th total of 1,100 shares. Based on an average trading volume of 56,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Grab

An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC bought a new stake in Grab Holdings Limited (NASDAQ:GRABW) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 302,710 shares of the company’s stock, valued at approximately $49,000.

Grab Trading Down 10.7 %

Grab stock traded down $0.06 during mid-day trading on Wednesday, hitting $0.50. 78,605 shares of the company’s stock traded hands, compared to its average volume of 36,246. Grab has a fifty-two week low of $0.13 and a fifty-two week high of $0.57. The firm has a 50 day simple moving average of $0.36 and a two-hundred day simple moving average of $0.24.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.