Short Interest in Gorilla Technology Group Inc. (NASDAQ:GRRRW) Expands By 500.0%

Gorilla Technology Group Inc. (NASDAQ:GRRRW) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,600 shares, an increase of 500.0% from the February 29th total of 1,100 shares. Based on an average daily volume of 34,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Prelude Capital Management LLC bought a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRRW) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 240,818 shares of the company’s stock, valued at approximately $89,000.

Gorilla Technology Group Price Performance

NASDAQ GRRRW opened at $0.08 on Friday. Gorilla Technology Group has a one year low of $0.01 and a one year high of $0.44. The stock’s 50-day moving average is $0.06 and its 200-day moving average is $0.05.

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.