Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) was the recipient of a large increase in short interest in 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 presently 0.1 days.
Grab Price Performance
Shares of GRABW stock remained flat at $0.31 during trading on Wednesday. The stock had a trading volume of 14,753 shares, compared to its average volume of 27,962. Grab has a 52 week low of $0.11 and a 52 week high of $0.32. The business’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.19.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC acquired a new stake 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 (SEC). The institutional investor acquired 302,710 shares of the company’s stock, valued at approximately $49,000.
Grab Company Profile
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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