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

Grab Holdings Limited (NASDAQ:GRABWGet Free Report) 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:GRABWFree Report) 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

(Get Free Report)

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.

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