Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Down 15.8% in February

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,230,000 shares, a decline of 15.8% from the February 13th total of 1,460,000 shares. Currently, 7.3% of the shares of the company are sold short. Based on an average trading volume of 3,970,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Gorilla Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Gorilla Technology Group in the third quarter worth about $55,000. Transcendent Capital Group LLC purchased a new position in Gorilla Technology Group in the 4th quarter valued at approximately $72,000. SBI Securities Co. Ltd. bought a new stake in Gorilla Technology Group during the 4th quarter valued at $1,389,000. Commonwealth Equity Services LLC lifted its position in shares of Gorilla Technology Group by 41.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after acquiring an additional 11,663 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new position in shares of Gorilla Technology Group in the fourth quarter worth $135,000. 1.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Northland Securities increased their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd.

Gorilla Technology Group Stock Performance

Shares of GRRR traded up $0.04 during mid-day trading on Wednesday, hitting $26.97. The stock had a trading volume of 2,071,439 shares, compared to its average volume of 1,512,286. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. Gorilla Technology Group has a 52 week low of $2.09 and a 52 week high of $44.15. The business has a fifty day moving average price of $21.94 and a 200-day moving average price of $12.08.

About Gorilla Technology Group

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.