Short Interest in Guardforce AI Co., Limited (NASDAQ:GFAI) Grows By 443.2%

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 656,700 shares, an increase of 443.2% from the December 31st total of 120,900 shares. Approximately 7.9% of the shares of the company are sold short. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, EF Hutton Acquisition Co. I upgraded shares of Guardforce AI to a “strong-buy” rating in a research report on Tuesday, October 1st.

Guardforce AI Stock Down 1.2 %

Shares of GFAI traded down $0.02 during mid-day trading on Tuesday, reaching $1.60. 1,273,091 shares of the company were exchanged, compared to its average volume of 7,808,738. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.36. Guardforce AI has a 52 week low of $0.94 and a 52 week high of $4.30. The business has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.44.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.