Gorilla Technology Group Sees Unusually High Options Volume (NASDAQ:GRRR)

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of unusually large options trading on Monday. Traders acquired 3,513 call options on the company. This is an increase of approximately 2,340% compared to the typical daily volume of 144 call options.

Analyst Ratings Changes

Separately, Northland Securities lifted their price objective on Gorilla Technology Group from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th.

Hedge Funds Weigh In On Gorilla Technology Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Highbridge Capital Management LLC acquired a new position in Gorilla Technology Group in the second quarter valued at $480,000. Vontobel Holding Ltd. purchased a new position in shares of Gorilla Technology Group during the third quarter worth approximately $81,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Gorilla Technology Group in the 3rd quarter valued at $55,000. 1.33% of the stock is owned by institutional investors and hedge funds.

Gorilla Technology Group Stock Performance

Shares of NASDAQ:GRRR traded up $1.06 on Monday, hitting $6.09. 2,751,728 shares of the company’s stock were exchanged, compared to its average volume of 481,731. Gorilla Technology Group has a 1-year low of $2.09 and a 1-year high of $13.00. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average is $4.37 and its 200 day moving average is $3.76.

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.