Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,414 shares, a drop of 42.2% from the June 30th total of 12,835 shares. Based on an average daily volume of 21,949 shares, the short-interest ratio is presently 0.3 days.

Grab Stock Performance

NASDAQ:GRABW traded up $0.00 during mid-day trading on Thursday, hitting $0.02. 2,522 shares of the stock were exchanged, compared to its average volume of 32,915. The firm’s 50-day simple moving average is $0.04 and its 200 day simple moving average is $0.10. Grab has a fifty-two week low of $0.02 and a fifty-two week high of $0.58.

Institutional Investors Weigh In On Grab

A hedge fund recently bought a new stake in Grab stock. Altimeter Capital Management LP purchased a new stake in Grab Holdings Limited (NASDAQ:GRABW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab makes up approximately 0.0% of Altimeter Capital Management LP’s portfolio, making the stock its 18th largest holding.

Grab Company Profile

Grab Holdings Inc (NASDAQ: GRABW) is a leading technology company in Southeast Asia that operates a super-app offering a range of on-demand services. Its platform connects consumers, merchants and drivers through mobile applications for ride-hailing, food delivery, parcel and grocery delivery, and digital payments. Leveraging a network of drivers, merchants and logistic partners, Grab aims to provide integrated everyday services across the region.

Founded in 2012 by Anthony Tan and Tan Hooi Ling and headquartered in Singapore, Grab has expanded rapidly through both organic growth and strategic acquisitions.