Gorilla Technology Group Inc. (NASDAQ:GRRR) Short Interest Update

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a large decline in short interest in 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. Based on an average trading volume of 3,970,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 7.3% of the shares of the stock are short sold.

Gorilla Technology Group Price Performance

Shares of GRRR opened at $27.69 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. Gorilla Technology Group has a one year low of $2.09 and a one year high of $44.15. The business’s 50 day simple moving average is $21.55 and its 200-day simple moving average is $11.73.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new position in shares of Gorilla Technology Group in the 4th quarter worth approximately $72,000. Creative Financial Designs Inc. ADV bought a new position in Gorilla Technology Group in the 4th quarter worth approximately $135,000. Commonwealth Equity Services LLC raised its position in Gorilla Technology Group by 41.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after purchasing an additional 11,663 shares during the last quarter. GSA Capital Partners LLP bought a new position in Gorilla Technology Group in the 3rd quarter worth approximately $55,000. Finally, Cetera Investment Advisers bought a new position in Gorilla Technology Group in the 4th quarter worth approximately $258,000. 1.33% of the stock is owned by institutional investors and hedge funds.

Gorilla Technology Group Company Profile

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.