Short Interest in Guardforce AI Co., Limited (NASDAQ:GFAI) Expands By 443.2%

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

Wall Street Analyst Weigh In

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

Guardforce AI Trading Up 13.6 %

Shares of GFAI stock traded up $0.24 on Tuesday, hitting $2.01. The company had a trading volume of 9,093,175 shares, compared to its average volume of 13,561,300. Guardforce AI has a twelve month low of $0.94 and a twelve month high of $4.30. The company has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42.

About Guardforce AI

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.