Gorilla Technology Group Inc. (NASDAQ:GRRR) Sees Large Increase in Short Interest

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 515,200 shares, an increase of 11.2% from the May 31st total of 463,400 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 411,000 shares, the short-interest ratio is currently 1.3 days.

Gorilla Technology Group Stock Up 1.9 %

Shares of NASDAQ GRRR traded up $0.05 during mid-day trading on Wednesday, hitting $2.69. The company had a trading volume of 105,559 shares, compared to its average volume of 410,688. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $4.69 and its 200-day simple moving average is $6.11. Gorilla Technology Group has a 12 month low of $2.50 and a 12 month high of $69.80.

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.