Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Grows By 25.8%

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,900 shares, an increase of 25.8% from the September 30th total of 3,100 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Grab Stock Down 1.2 %

Shares of Grab stock traded down $0.00 during trading hours on Wednesday, hitting $0.31. The company’s stock had a trading volume of 21,234 shares, compared to its average volume of 27,929. The stock has a 50 day moving average of $0.21 and a 200 day moving average of $0.19. Grab has a 12 month low of $0.11 and a 12 month high of $0.32.

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.