Short Interest in Gorilla Technology Group Inc. (NASDAQ:GRRR) Grows By 11.2%

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 515,200 shares, an increase of 11.2% from the May 31st total of 463,400 shares. Based on an average trading volume of 411,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 6.2% of the company’s stock are short sold.

Gorilla Technology Group Stock Performance

Gorilla Technology Group stock traded down $0.11 during trading hours on Monday, hitting $2.66. 120,288 shares of the stock traded hands, compared to its average volume of 415,204. The firm’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $6.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.43. Gorilla Technology Group has a one year low of $2.50 and a one year high of $69.80.

About Gorilla Technology Group

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.