Guardforce AI Co., Limited (NASDAQ:GFAI) Sees Significant Growth in Short Interest

Guardforce AI Co., Limited (NASDAQ:GFAI) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 656,700 shares, a growth of 443.2% from the December 31st total of 120,900 shares. Based on an average trading volume of 2,420,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 7.9% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I upgraded Guardforce AI to a “strong-buy” rating in a research note on Tuesday, October 1st.

Guardforce AI Stock Down 1.2 %

NASDAQ:GFAI opened at $1.60 on Wednesday. The company’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42. Guardforce AI has a fifty-two week low of $0.94 and a fifty-two week high of $4.30.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.