Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,371 shares, a growth of 98.9% from the May 14th total of 5,213 shares. Based on an average daily volume of 34,366 shares, the days-to-cover ratio is currently 0.3 days.

Grab Stock Up 0.2%

NASDAQ:GRABW traded up $0.00 during trading on Monday, reaching $0.05. The company’s stock had a trading volume of 7,456 shares, compared to its average volume of 34,824. The firm has a 50 day moving average of $0.06 and a 200-day moving average of $0.17. Grab has a 12 month low of $0.04 and a 12 month high of $0.58.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grab stock. Altimeter Capital Management LP purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRABW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab accounts for approximately 0.0% of Altimeter Capital Management LP’s portfolio, making the stock its 18th biggest holding.

About Grab

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.