Grab Holdings Limited (NASDAQ:GRABW) Sees Significant Increase in Short Interest

Grab Holdings Limited (NASDAQ:GRABW) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 8,400 shares, an increase of 8,300.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is currently 0.4 days.

Grab Stock Down 10.0 %

Shares of GRABW opened at $0.18 on Wednesday. Grab has a twelve month low of $0.11 and a twelve month high of $0.49. The firm’s 50 day moving average price is $0.18 and its two-hundred day moving average price is $0.19.

Institutional Investors Weigh In On Grab

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

About Grab

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.