Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 19,400 shares, a growth of 397.4% from the October 15th total of 3,900 shares. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is currently 0.6 days.

Grab Stock Up 6.6 %

Shares of GRABW stock traded up $0.03 during trading hours on Wednesday, reaching $0.53. 300,520 shares of the stock traded hands, compared to its average volume of 32,149. Grab has a 1-year low of $0.11 and a 1-year high of $0.55. The business has a fifty day moving average price of $0.24 and a 200 day moving average price of $0.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRABW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 302,710 shares of the company’s stock, valued at approximately $49,000.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.