Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGR) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 2,090,000 shares, a decline of 12.9% from the February 29th total of 2,400,000 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 235,300 shares, the days-to-cover ratio is currently 8.9 days.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upgraded shares of Gogoro from an “underweight” rating to a “neutral” rating and set a $2.20 price target on the stock in a report on Wednesday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in Gogoro during the second quarter worth $142,000. BlackRock Inc. lifted its stake in shares of Gogoro by 1,344.3% in the third quarter. BlackRock Inc. now owns 62,190 shares of the company’s stock worth $234,000 after buying an additional 57,884 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Gogoro in the third quarter worth about $5,959,000. Toroso Investments LLC purchased a new position in shares of Gogoro in the third quarter worth about $41,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Gogoro by 37.2% in the fourth quarter. JPMorgan Chase & Co. now owns 231,330 shares of the company’s stock worth $736,000 after buying an additional 62,770 shares in the last quarter. Institutional investors and hedge funds own 15.87% of the company’s stock.

Gogoro Stock Performance

Shares of NASDAQ:GGR opened at $1.82 on Tuesday. The company has a market capitalization of $444.44 million, a price-to-earnings ratio of -5.69 and a beta of 0.39. Gogoro has a 12 month low of $1.21 and a 12 month high of $4.05. The firm’s 50-day moving average is $1.80 and its 200 day moving average is $2.29. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 1.43.

Gogoro (NASDAQ:GGR) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). Gogoro had a negative net margin of 21.97% and a negative return on equity of 35.89%. The company had revenue of $91.53 million during the quarter, compared to analysts’ expectations of $89.01 million. Research analysts predict that Gogoro will post -0.14 EPS for the current year.

Gogoro Company Profile

Gogoro Inc delivers and markets swappable electric fuel and intelligent light urban vehicles. It also operates platform for battery swapping networks, and a comprehensive ecosystem of enabling technologies for the vehicles, as well as develops smart Swap and Go battery system that delivers full power to electric-powered two-wheelers.