Gogoro Inc. (NASDAQ:GGR) Short Interest Down 43.5% in January

Gogoro Inc. (NASDAQ:GGR) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 54,280 shares, a drop of 43.5% from the December 31st total of 96,150 shares. Based on an average trading volume of 17,229 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 17,229 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gogoro in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Gogoro has an average rating of “Sell”.

Gogoro Stock Down 1.0%

Shares of NASDAQ GGR traded down $0.03 during trading hours on Friday, hitting $3.10. The stock had a trading volume of 2,818 shares, compared to its average volume of 13,579. The company has a market capitalization of $45.79 million, a P/E ratio of -0.34 and a beta of 0.92. The firm’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $5.06. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.77 and a current ratio of 0.95. Gogoro has a 52 week low of $2.72 and a 52 week high of $10.15.

Gogoro (NASDAQ:GGR) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($1.01) earnings per share for the quarter. The company had revenue of $77.65 million during the quarter. Gogoro had a negative net margin of 47.07% and a negative return on equity of 80.94%. Analysts anticipate that Gogoro will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Gogoro

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC lifted its holdings in Gogoro by 9.5% during the third quarter. Citadel Advisors LLC now owns 181,126 shares of the company’s stock worth $54,000 after acquiring an additional 15,749 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Gogoro by 81.1% in the first quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock valued at $103,000 after buying an additional 171,273 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Gogoro by 185.8% during the third quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock worth $233,000 after acquiring an additional 503,624 shares in the last quarter. 15.87% of the stock is owned by institutional investors.

Gogoro Company Profile

Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations.

The core of Gogoro’s business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.