Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 19,400 shares, an increase of 397.4% from the October 15th total of 3,900 shares. Based on an average daily volume of 30,700 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 acquired a new stake in Grab Holdings Limited (NASDAQ:GRABW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 302,710 shares of the company’s stock, valued at approximately $49,000.

Grab Stock Up 31.6 %

Grab stock traded up $0.12 during mid-day trading on Tuesday, reaching $0.50. 398,717 shares of the company were exchanged, compared to its average volume of 30,889. Grab has a 12-month low of $0.11 and a 12-month high of $0.54. The business has a fifty day moving average of $0.23 and a 200 day moving average of $0.20.

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.