Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGR) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,920,000 shares, a decline of 13.1% from the September 30th total of 3,360,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.7% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Benchmark downgraded shares of Gogoro from a “buy” rating to a “hold” rating in a research report on Monday, August 19th.

Gogoro Stock Down 7.4 %

Gogoro stock traded down $0.04 during mid-day trading on Thursday, reaching $0.47. The stock had a trading volume of 984,942 shares, compared to its average volume of 610,165. The firm has a market capitalization of $137.59 million, a PE ratio of -1.75 and a beta of 0.36. Gogoro has a fifty-two week low of $0.44 and a fifty-two week high of $2.78. The stock’s 50-day simple moving average is $0.76 and its 200-day simple moving average is $1.23. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.19 and a current ratio of 1.46.

Gogoro (NASDAQ:GGR) last released its quarterly earnings results on Thursday, August 15th. The company reported ($0.08) earnings per share for the quarter. Gogoro had a negative net margin of 19.11% and a negative return on equity of 33.04%. The firm had revenue of $80.94 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gogoro stock. Senator Investment Group LP acquired a new position in Gogoro Inc. (NASDAQ:GGR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,350,000 shares of the company’s stock, valued at approximately $2,079,000. Senator Investment Group LP owned 0.55% of Gogoro at the end of the most recent quarter. Institutional investors own 15.87% of the company’s stock.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.