Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) 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 – Free Report) 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.
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